VF Corporation (VFC)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-capital ratio | 0.74 | 0.00 | 0.00 | 0.00 | 0.66 | 0.00 | 0.00 | 0.00 | 0.56 | 0.00 | 0.00 | 0.00 | 0.65 | 0.00 | 0.00 | 0.00 | 0.44 | 0.00 | 0.00 | 0.00 |
| 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 |
| Financial leverage ratio | 7.00 | 5.98 | 5.95 | 5.17 | 4.81 | 4.31 | 4.47 | 3.94 | 3.78 | 3.71 | 3.86 | 4.14 | 4.50 | 4.38 | 4.39 | 4.28 | 3.32 | 2.37 | 2.42 | 2.51 |
The solvency ratios of VF Corporation show fluctuations over the periods analyzed. The debt-to-assets ratio ranged from 0.23 to 0.41, indicating that VF Corporation typically finances around 23% to 41% of its assets through debt. The debt-to-capital ratio also varied, ranging from 0.44 to 0.74, signifying that debt constitutes around 44% to 74% of the company's capital structure. The debt-to-equity ratio fluctuated between 0.77 and 2.83, indicating that debt is around 77% to 283% of the shareholders' equity in the company.
Moreover, the financial leverage ratio ranged from 2.37 to 7.00, indicating that VF Corporation has used financial leverage to varying degrees over the periods analyzed. A higher financial leverage ratio signifies higher financial risk and indicates that the company uses more debt to finance its assets.
Overall, VF Corporation's solvency ratios demonstrate a level of financial risk and dependency on debt financing, with fluctuations observed over the periods analyzed. It is important for stakeholders to monitor these ratios closely to assess the company's ability to meet its financial obligations and sustain its operations in the long term.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 0.05 | 0.83 | 3.16 | 1.22 | 1.25 | 3.81 | 5.64 | 10.56 | 13.41 | 12.48 | 10.81 | 9.41 | 5.05 | 1.38 | 2.35 | 4.83 | 10.08 | 100.93 | 34.10 | 19.56 |
The interest coverage ratio measures the ability of a company to meet its interest obligations with its operating income. A higher interest coverage ratio indicates that the company is more capable of meeting its interest payments.
Analyzing VF Corporation's interest coverage ratio over the specified periods shows fluctuations. The interest coverage ratio ranged from 0.05 to 100.93, with significant variations from quarter to quarter.
VF Corporation's interest coverage ratio was below 1 in some quarters, indicating that the company may have had difficulty meeting its interest payments with its operating income during those periods. However, the ratio improved significantly in other quarters, exceeding 10 in several instances.
Overall, VF Corporation's interest coverage ratio demonstrates fluctuations in its ability to cover interest expenses with operating income. It is essential for investors and stakeholders to monitor this ratio closely to assess the company's financial health and risk of default.