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Kontoor Brands (Kontoor Brands) Debt-to-Equity : 2.26 (As of Dec. 2023)


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What is Kontoor Brands Debt-to-Equity?

Kontoor Brands's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $41 Mil. Kontoor Brands's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $801 Mil. Kontoor Brands's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $372 Mil. Kontoor Brands's debt to equity for the quarter that ended in Dec. 2023 was 2.26.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Kontoor Brands's Debt-to-Equity or its related term are showing as below:

KTB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16   Med: 3.4   Max: 14.5
Current: 2.26

During the past 8 years, the highest Debt-to-Equity Ratio of Kontoor Brands was 14.50. The lowest was 0.16. And the median was 3.40.

KTB's Debt-to-Equity is ranked worse than
91.75% of 933 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs KTB: 2.26

Kontoor Brands Debt-to-Equity Historical Data

The historical data trend for Kontoor Brands's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kontoor Brands Debt-to-Equity Chart

Kontoor Brands Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial 14.50 11.59 5.73 3.40 2.26

Kontoor Brands Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.40 3.01 2.64 2.44 2.26

Competitive Comparison of Kontoor Brands's Debt-to-Equity

For the Apparel Manufacturing subindustry, Kontoor Brands's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Kontoor Brands's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kontoor Brands's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kontoor Brands's Debt-to-Equity falls into.



Kontoor Brands Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kontoor Brands's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Kontoor Brands's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Kontoor Brands  (NYSE:KTB) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Kontoor Brands Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Kontoor Brands's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Kontoor Brands (Kontoor Brands) Business Description

Traded in Other Exchanges
Address
400 N. Elm Street, Greensboro, NC, USA, 27401
Kontoor Brands Inc is a lifestyle apparel company. It is engaged in designing, manufacturing, sourcing, marketing, and distribution of its portfolio of brands, including Wrangler and Lee. It manufactures its products in owned and leased facilities and distributes the products through both brick and mortar and e-commerce retailers. It generates the majority of its revenue from the Wrangler segment. The company's geographical segments are the United States and International, of which the majority of its revenue comes from the United States.
Executives
Susan Denise Sumner officer: VP & CAO 400 N. ELM STREET, GREENSBORO NC 27401
Joseph A Alkire officer: EVP & Chief Financial Officer C/O KONTOOR BRANDS, INC., 400 N. ELM STREET, GREENSBORO NC 27401
Thomas E. Waldron officer: VP & GB President - Wrangler 400 NORTH ELM STREET, GREENSBORO NC 27401
Andrew E Page director C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001
Doerr Thomas L Jr officer: EVP, GC, & Corp. Sec. ONE PARK PLAZA, 11270 W. PARK PLACE, SUITE 1000, MILWAUKEE WI 53224
Ashley Goldsmith director 400 N. ELM STREET, GREENSBORO NC 27401
Scott H Baxter director, officer: President & CEO 400 NORTH ELM STREET, GREENSBORO NC 27401
Laurel Krueger officer: VP, GC & Corporate Secretary ONE EXPRESS DRIVE, COLUMBUS OH 43230
Mark L. Schiller director C/O THE HAIN CELESTIAL GROUP, INC., 1111 MARCUS AVENUE, LAKE SUCCESS NY 11042
Robert Lynch director P. O. BOX 99900, LOUISVILLE KY 40269
Richard Carucci director 1441 GARDINER LANE, LOUISVILLE KY 47113
Juliana L Chugg director 1200 WILLOW LAKE BOULEVARD, PO BOX 64683, ST PAUL MN 55164-0683
Rich Williams director 600 W. CHICAGO AVENUE SUITE 400, CHICAGO IL 60654
Rustin Welton officer: VP & CFO 400 NORTH ELM STREET, GREENSBORO NC 27401
Christopher Waldeck officer: VP & GB President - Lee 400 NORTH ELM STREET, GREENSBORO NC 27401