VF Corporation (VFC)
Debt-to-assets ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 11,613,000 | 13,990,500 | 13,342,200 | 13,754,000 | 11,133,300 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $11,613,000K
= 0.00
The debt-to-assets ratio for VF Corporation has shown some fluctuations over the past five years. In the most recent fiscal year ending March 31, 2024, the ratio stood at 0.40, indicating that 40% of the company's assets were financed by debt. This ratio decreased from the previous year's 0.41 but remained higher than the ratio reported in fiscal year 2022, which was 0.34.
The upward trend in the debt-to-assets ratio from 0.23 in fiscal year 2020 to 0.41 in fiscal year 2023 suggests an increasing reliance on debt to finance the company's assets. However, the slight decrease in the ratio in 2024 may indicate a shift towards a more conservative approach to debt management.
Overall, the debt-to-assets ratio for VF Corporation has fluctuated within the range of 0.23 to 0.41 over the past five years, reflecting changing levels of debt utilization in relation to the company's asset base. Additional analysis of the company's debt structure and overall financial health would provide more insights into the implications of these fluctuations.
Peer comparison
Mar 31, 2024