VF Corporation (VFC)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	1,658,360	2,109,190	2,210,040	2,716,760	2,910,710	3,319,630	3,085,640	3,352,490	3,530,360	3,653,400	3,598,480	3,274,030	3,056,160	3,138,170	2,945,240	2,912,600	3,357,330	4,567,590	4,647,620	4,151,610
Debt-to-equity ratio		2.83	0.00	0.00	0.00	1.96	0.00	0.00	0.00	1.29	0.00	0.00	0.00	1.86	0.00	0.00	0.00	0.77	0.00	0.00	0.00

March 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $4,687,110K ÷ $1,658,360K
= 2.83

The debt-to-equity ratio of VF Corporation has shown significant fluctuations over the specified time periods. A high debt-to-equity ratio, such as the value of 2.83 reported on March 31, 2024, indicates that the company relies heavily on debt financing compared to equity. This may suggest higher financial risk and a greater burden in servicing debt obligations.

The ratio dropped to 0.00 in the subsequent quarters of 2023, signifying a shift towards a more balanced capital structure with little to no debt relative to equity. Subsequently, the ratio increased again to 1.96 by March 31, 2023, indicating a return to a higher level of debt utilization.

The fluctuations in the debt-to-equity ratio throughout the periods suggest varying degrees of leverage and financial strategies employed by VF Corporation. Further analysis of the company's financial statements and business operations would be required to fully understand the reasons behind these fluctuations and their implications for the company's financial health and stability.