VF Corporation (VFC)

Debt-to-assets ratio

		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	Jun 30, 2019
Long-term debt	US$ in thousands	4,687,110	—	—	—	5,694,730	—	—	—	4,567,020	—	—	—	5,690,860	—	—	—	2,585,510	—	—	—
Total assets	US$ in thousands	11,613,000	12,616,500	13,142,400	14,043,900	13,990,500	14,313,300	13,784,100	13,211,800	13,342,200	13,536,300	13,889,100	13,550,400	13,754,000	13,744,300	12,941,300	12,479,000	11,133,300	10,814,300	11,270,400	10,402,000
Debt-to-assets ratio		0.40	0.00	0.00	0.00	0.41	0.00	0.00	0.00	0.34	0.00	0.00	0.00	0.41	0.00	0.00	0.00	0.23	0.00	0.00	0.00

March 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,687,110K ÷ $11,613,000K
= 0.40

The debt-to-assets ratio for VF Corporation fluctuated over the past few quarters, ranging from 0.00 to 0.41. A ratio of 0.00 indicates either no debt or that the company's assets exceed its debt, which may signal a strong financial position. Conversely, a ratio of 0.41 suggests that a significant portion of VF Corporation's assets is financed by debt. The inconsistent values of the debt-to-assets ratio could indicate varying levels of leverage and financial risk within the company. It is essential to monitor this ratio over time to assess VF Corporation's ability to manage its debt levels effectively while maintaining a healthy balance sheet.