PVH Corp (PVH)

Debt-to-equity ratio

		Feb 4, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Nov 1, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020	Nov 3, 2019	Aug 4, 2019	May 5, 2019
Long-term debt	US$ in thousands	1,591,700	1,571,300	1,619,600	2,193,000	2,177,000	2,109,100	2,155,500	2,216,500	2,317,600	2,605,200	2,782,500	3,018,200	3,513,700	3,464,100	3,498,300	2,854,200	2,693,900	2,738,400	2,743,000	2,759,400
Total stockholders’ equity	US$ in thousands	5,118,900	5,054,300	5,037,600	5,126,400	5,012,700	4,822,800	5,206,400	5,268,500	5,288,800	5,171,700	5,032,800	4,839,400	4,730,300	4,676,200	4,583,500	4,513,400	5,811,500	5,985,100	5,871,700	5,761,500
Debt-to-equity ratio		0.31	0.31	0.32	0.43	0.43	0.44	0.41	0.42	0.44	0.50	0.55	0.62	0.74	0.74	0.76	0.63	0.46	0.46	0.47	0.48

February 4, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,591,700K ÷ $5,118,900K
= 0.31

The debt-to-equity ratio of PVH Corp has shown some fluctuation over the past few quarters. From February 2024 to May 2021, the ratio ranged from 0.31 to 0.62, indicating a moderate level of leverage. However, starting from August 2021, the ratio began to increase, reaching a peak of 0.76 in August 2020, before declining to 0.46 in August 2019.

These fluctuations in the debt-to-equity ratio suggest that PVH Corp has been actively managing its capital structure, possibly taking on more debt or adjusting its equity levels to finance its operations or investments. It is important for stakeholders to closely monitor these changes in the ratio to assess the company's financial risk and sustainability.

Overall, PVH Corp's debt-to-equity ratio indicates a mix of debt and equity in its capital structure, with the company potentially leveraging its operations to enhance shareholder returns. Investors, creditors, and analysts should continue to analyze the company's financial statements and market conditions to understand the implications of its leverage levels on its financial performance and stability.