Tapestry Inc (TPR)
Debt-to-assets ratio
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 7,003,400 | 7,743,500 | 7,787,600 | 1,637,500 | 1,643,800 | 1,650,000 | 1,656,200 | 1,662,500 | 1,668,800 | 1,200,000 | 1,200,000 | 1,200,000 | 1,600,000 | 1,600,000 | 1,600,000 | 1,600,000 | 1,600,000 | 1,600,000 | 1,611,400 | 1,611,500 |
| Total assets | US$ in thousands | 13,396,300 | 13,727,900 | 13,815,400 | 7,142,500 | 7,116,800 | 6,984,400 | 7,257,700 | 7,080,000 | 7,265,300 | 7,338,200 | 7,929,400 | 8,014,100 | 8,382,400 | 7,966,000 | 8,150,400 | 8,133,400 | 7,924,200 | 7,743,000 | 8,700,100 | 8,450,100 |
| Debt-to-assets ratio | 0.52 | 0.56 | 0.56 | 0.23 | 0.23 | 0.24 | 0.23 | 0.23 | 0.23 | 0.16 | 0.15 | 0.15 | 0.19 | 0.20 | 0.20 | 0.20 | 0.20 | 0.21 | 0.19 | 0.19 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $7,003,400K ÷ $13,396,300K
= 0.52
The debt-to-assets ratio of Tapestry Inc has shown fluctuations over the past few quarters, ranging from 0.15 to 0.56. A higher ratio indicates a greater proportion of the company's assets are funded by debt, suggesting higher financial risk.
In the most recent quarter, the ratio decreased to 0.52 from 0.56 in the prior quarter, indicating a slight improvement in the company's debt management. However, compared to the ratios of 0.15 and 0.16 seen in earlier periods, the current level remains relatively elevated.
Further analysis of the trend over time is necessary to understand the company's debt management strategy and its ability to generate returns on assets relative to its debt obligations. Monitoring the debt-to-assets ratio in conjunction with other financial metrics can provide a more comprehensive view of Tapestry Inc's financial stability and performance.
Peer comparison
Jun 30, 2024