Tapestry Inc (TPR)
Current ratio
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,905,600 | 2,861,400 | 2,772,000 | 9,145,500 | 8,803,700 | 8,997,000 | 9,042,500 | 2,409,000 | 2,363,500 | 2,218,900 | 2,498,600 | 2,387,400 | 2,573,800 | 2,558,600 | 3,058,500 | 3,086,200 | 3,375,300 | 2,896,600 | 2,877,200 | 2,845,500 |
| Total current liabilities | US$ in thousands | 1,556,900 | 1,627,900 | 1,751,000 | 1,853,800 | 1,711,600 | 1,365,900 | 1,447,600 | 1,194,200 | 1,286,500 | 1,146,100 | 1,338,600 | 1,308,400 | 1,468,800 | 1,733,300 | 1,843,700 | 1,646,600 | 1,425,800 | 1,291,100 | 1,533,100 | 1,819,000 |
| Current ratio | 1.87 | 1.76 | 1.58 | 4.93 | 5.14 | 6.59 | 6.25 | 2.02 | 1.84 | 1.94 | 1.87 | 1.82 | 1.75 | 1.48 | 1.66 | 1.87 | 2.37 | 2.24 | 1.88 | 1.56 |
June 30, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,905,600K ÷ $1,556,900K
= 1.87
The analysis of Tapestry Inc.'s current ratio over the specified period indicates a generally improving liquidity position from September 2020 through March 2023. During this timeframe, the current ratio fluctuated within a range of approximately 1.48 to 2.37, reflecting moderate liquidity levels with the company able to cover its short-term liabilities with its short-term assets comfortably. The peak was observed on June 30, 2021, at 2.37, suggesting strong liquidity during that period, while the lowest during this span was 1.48 on March 31, 2022, which still indicates the company maintained sufficient short-term asset coverage.
A notable shift occurs beginning in late 2023. The current ratio experiences a substantial increase, reaching 6.25 by December 31, 2023, and further rising to 6.59 on March 31, 2024. This sharp rise suggests a significant improvement in liquidity or a change in asset management or short-term liabilities. However, subsequent quarters reveal a decline; the ratio drops to 5.14 by June 30, 2024, then slightly stabilizes around 4.93 on September 30, 2024. This downward trend indicates a possible reduction in short-term assets or an increase in short-term liabilities, slightly diminishing the liquidity cushion, although it remains well above the generally acceptable threshold of 1.5-2 for many industries.
By December 2024, the ratio declines further to 1.58 but remains above the typical minimum threshold, indicating maintained liquidity. The subsequent quarters show a gradual recovery, with the ratio moving back towards 1.87 by June 2025, nearing the pre-2023 levels. Overall, the data exhibits periods of stability with occasional sharp fluctuations, particularly around late 2023 and early 2024, which may reflect strategic changes, accounting adjustments, or operational shifts impacting liquidity management.
Peer comparison
Jun 30, 2025