Ralph Lauren Corp Class A (RL)

Debt-to-equity ratio

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Long-term debt	US$ in thousands	1,140,500	1,138,500	1,136,500	1,632,900	396,400
Total stockholders’ equity	US$ in thousands	2,450,300	2,430,500	2,536,000	2,604,400	2,693,100
Debt-to-equity ratio		0.47	0.47	0.45	0.63	0.15

March 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,140,500K ÷ $2,450,300K
= 0.47

The debt-to-equity ratio of Ralph Lauren Corp Class A has remained relatively stable over the past five years, ranging from 0.15 to 0.63. The ratio indicates that the company has been utilizing a moderate amount of debt compared to its equity to finance its operations and growth. In particular, the relatively lower ratio in 2020 suggests a stronger reliance on equity financing, potentially indicating a more conservative financial strategy in that year. Overall, the consistent ratio around 0.47 in the most recent years indicates a balanced capital structure with a manageable level of debt relative to equity.