Tapestry Inc (TPR)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,896,900 | 2,775,100 | 2,659,800 | 2,415,700 | 2,277,800 | 2,263,400 | 2,313,200 | 2,255,400 | 2,285,500 | 2,535,000 | 2,927,400 | 3,150,000 | 3,259,300 | 3,015,000 | 2,890,700 | 2,530,100 | 2,276,400 | 2,553,100 | 3,322,400 | 3,086,900 |
| Debt-to-capital ratio | 0.71 | 0.74 | 0.75 | 0.40 | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.32 | 0.29 | 0.28 | 0.33 | 0.35 | 0.36 | 0.39 | 0.41 | 0.39 | 0.33 | 0.34 |
June 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $7,003,400K ÷ ($7,003,400K + $2,896,900K)
= 0.71
The debt-to-capital ratio of Tapestry Inc has shown some fluctuations over the past several quarters. As of June 30, 2024, the ratio stood at 0.71, indicating that debt accounted for 71% of the company's total capital structure. This represented a slight decrease compared to the previous quarter's ratio of 0.74.
Looking further back, the trend in the debt-to-capital ratio has been somewhat variable. In the recent quarters, the ratio has been hovering around the 0.40 to 0.75 range, with some fluctuations observed. The highest ratio of 0.75 was recorded in December 31, 2023, while the lowest ratio of 0.28 was reported in March 31, 2022.
Overall, the trend indicates that Tapestry Inc has been managing its debt levels relative to its capital structure, with periods of higher and lower leverage. It is important to monitor this ratio over time to assess the company's financial leverage and its ability to meet its debt obligations.
Peer comparison
Jun 30, 2024