VF Corporation (VFC)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,680,230 | 1,406,370 | 1,387,900 | 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 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 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 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,680,230K
= 0.00
The debt-to-equity ratio of VF Corporation over the past few years has shown fluctuations indicating changes in its capital structure.
As of March 31, 2020, the company had a debt-to-equity ratio of 0.77, indicating that for every dollar of equity, there was $0.77 of debt. This ratio decreased to 0.00 by June 30, 2020, signaling a significant reduction in debt relative to equity.
Throughout the subsequent quarters of 2020 and 2021, the debt-to-equity ratio remained at 0.00, suggesting that the company was either debt-free or had a minuscule amount of debt compared to its equity during that period.
By March 31, 2021, the debt-to-equity ratio spiked to 1.86, indicating a substantial increase in debt relative to equity. This ratio fluctuated for the next few quarters but generally remained low until March 31, 2023, where it increased to 1.96.
The ratio then saw a significant jump to 2.83 by the end of March 31, 2024, indicating a higher level of debt in comparison to equity. This increase in the debt-to-equity ratio may suggest that the company has taken on more debt either for expansion, investment opportunities, or other strategic reasons.
Overall, the shifting debt-to-equity ratio of VF Corporation indicates changes in its financial leverage and capital structure over the analyzed period. Investors and stakeholders may monitor this ratio as an indicator of the company's risk and financial health.
Peer comparison
Dec 31, 2024