VF Corporation (VFC)
Debt-to-assets ratio
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 10,554,200 | 12,219,600 | 11,541,400 | 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 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 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 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $10,554,200K
= 0.00
The debt-to-assets ratio for VF Corporation provides insight into the company's financial leverage and risk exposure. A lower ratio indicates that the company relies less on debt financing to fund its operations and investments, which is generally considered favorable as it suggests a stronger financial position and lower risk of default.
Based on the data provided, VF Corporation's debt-to-assets ratio fluctuated over the analyzed period. As of March 31, 2020, the ratio was 0.23, indicating that approximately 23% of the company's assets were financed by debt. Subsequently, the ratio dropped to 0.00 for the following three quarters, suggesting that the company had minimal or no debt during those periods.
However, there was an increase in the debt-to-assets ratio to 0.41 as of March 31, 2021, which indicates that debt financing became more significant relative to assets. The ratio then decreased back to 0.00 for the subsequent quarters through December 31, 2024, suggesting a return to minimal or no debt in the company's capital structure.
Overall, the fluctuation in VF Corporation's debt-to-assets ratio over the analyzed period highlights a mix of debt reliance and debt reduction strategies. It is important for investors and stakeholders to monitor this ratio alongside other financial metrics to assess the company's financial health and risk profile.
Peer comparison
Dec 31, 2024