PVH Corp (PVH)

Solvency ratios

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
Debt-to-assets ratio 0.14 0.14 0.14 0.19 0.18 0.18 0.18 0.19 0.19 0.20 0.22 0.24 0.26 0.26 0.26 0.23 0.20 0.20 0.20 0.21
Debt-to-capital ratio 0.24 0.24 0.24 0.30 0.30 0.30 0.29 0.30 0.30 0.33 0.36 0.38 0.43 0.43 0.43 0.39 0.32 0.31 0.32 0.32
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
Financial leverage ratio 2.18 2.21 2.29 2.24 2.35 2.36 2.29 2.26 2.34 2.48 2.54 2.62 2.81 2.84 2.89 2.72 2.35 2.34 2.35 2.32

PVH Corp's solvency ratios reflect its ability to meet its long-term financial obligations. The debt-to-assets ratio has remained relatively stable around 0.14 to 0.26 over the past few quarters, indicating that the company's debt level in relation to its total assets has been consistent.

The debt-to-capital ratio has followed a similar trend, hovering between 0.24 to 0.43, showing the proportion of debt in the company's capital structure. This ratio suggests that PVH Corp relies on a mix of debt and equity to finance its operations.

The debt-to-equity ratio has fluctuated from 0.31 to 0.76, indicating the extent to which the company is using debt to fund its operations compared to shareholder equity. The increasing trend in this ratio raises some concerns about the company's reliance on debt to finance its activities.

The financial leverage ratio, ranging from 2.18 to 2.89, shows the company's use of debt in proportion to equity to support its assets. Higher ratios suggest a higher level of financial risk due to the increased reliance on borrowing.

Overall, PVH Corp's solvency ratios highlight a consistent but slightly increasing trend in debt levels over the past few quarters, which may warrant further monitoring to ensure the company's long-term financial stability and ability to meet its debt obligations.

Coverage ratios

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
Interest coverage 9.47 8.86 4.54 5.10 5.33 4.43 10.38 10.82 9.96 7.40 4.92 2.62 -8.49 -9.80 -8.97 -7.06 4.72 6.66 6.71 6.45

The interest coverage ratio of PVH Corp has shown fluctuations over the past few quarters. It indicates the company's ability to meet its interest payments with its operating income.

- In the most recent quarter, the interest coverage ratio was 9.47, indicating that the company's operating income was sufficient to cover its interest expenses.
- The trend has been positive in recent quarters, with consistent ratios above 5, showing an improving ability to cover interest expenses.
- There were periods, particularly in the second half of 2021, where the interest coverage ratio dipped significantly, raising concerns about the company's ability to meet its interest obligations with operating income.
- The negative interest coverage ratios in the quarters ending in January and November 2021 and in 2020 suggest that the company's operating income was insufficient to cover its interest expenses during those periods.
- Overall, the company's interest coverage ratio has shown variability, with both positive and concerning signals in different quarters.

It is crucial for PVH Corp to maintain a healthy interest coverage ratio to ensure it can comfortably meet its interest payment obligations and avoid financial distress. Periodic monitoring of this ratio will be essential to assess the company's financial health and sustainability.