Tapestry (Tapestry) Debt-to-Equity

: 3.51 (As of Dec. 2023)

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Tapestry's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $331 Mil. Tapestry's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $9,009 Mil. Tapestry's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,660 Mil. Tapestry's debt to equity for the quarter that ended in Dec. 2023 was 3.51.

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 Tapestry's Debt-to-Equity or its related term are showing as below:

TPR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.72 Max: 3.51
Current: 3.51

During the past 13 years, the highest Debt-to-Equity Ratio of Tapestry was 3.51. The lowest was 0.01. And the median was 0.72.

TPR's Debt-to-Equity is ranked worse than
92.94% of 1005 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs TPR: 3.51

Tapestry Debt-to-Equity Historical Data

The historical data trend for Tapestry'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.

Tapestry Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.46

1.97

1.05

1.43

1.45

Tapestry 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																1.43	1.46	1.45	1.34	3.51

Competitive Comparison

For the Luxury Goods subindustry, Tapestry'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.

Tapestry Debt-to-Equity Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Tapestry's Debt-to-Equity distribution charts can be found below:

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

Tapestry Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tapestry's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(322.5	+	2969.5)	/	2277.8
	=	1.45

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(330.6	+	9009.1)	/	2659.8
	=	3.51

Tapestry (NYSE:TPR) 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.

Tapestry Debt-to-Equity Related Terms

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

Tapestry (Tapestry) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tapestry Inc (NYSE:TPR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TPR:Mexico COY:Germany COY:Germany

Address

10 Hudson Yards, New York, NY, USA, 10001

Website

https://www.tapestry.com

Coach, Kate Spade, and Stuart Weitzman are Tapestry's fashion and accessory brands. The firm's products are sold through about 1,400 company-operated stores, wholesale channels, and e-commerce in North America (66% of fiscal 2023 sales), Europe, Asia (29% of fiscal 2023 sales), and elsewhere. Coach (75% of fiscal 2023 sales) is best known for affordable luxury leather products. Kate Spade (21% of fiscal 2023 sales) is known for colorful patterns and graphics. Women's handbags and accessories produced 69% of Tapestry's sales in fiscal 2023. Stuart Weitzman (4% of sales) generates nearly all its revenue from women's footwear. In August 2023, Tapestry agreed to acquire rival Capri and its three brands, Michael Kors, Versace, and Jimmy Choo.

Executives

Denise Kulikowsky	officer: Chief People Officer	80 GRASSLANDS ROAD, ELMSFORD NY 10523
Lau Alan Ka Ming	director	10 HUDSON YARDS, NEW YORK NY 10001
Manesh Dadlani	officer: VP, Controller and PAO	10 HUDSON YARDS, NEW YORK NY 10001
Thomas A. Glaser	officer: Chief Operations Officer	10 HUDSON YARDS, 19TH FLOOR, NEW YORK NY 10001
Sarah Dunn	officer: SVP, Human Resources	516 WEST 34TH STREET, NEW YORK NY 10001
Todd Kahn	officer: SVP and General Counsel	516 WEST 34TH STREET, NEW YORK NY 10001
Johanna W. Faber	director	10 HUDSON YARDS, NEW YORK NY 10001
David E Howard	officer: SVP, GC & Secretary	10 HUDSON YARDS, NEW YORK NY 10001
Scott A. Roe	officer: CFO and Head of Strategy	105 CORPORATE CENTER BLVD., GREENSBORO NC 27408
Annabelle Yu Long	director	516 WEST 34TH STREET, NEW YORK NY 10001
Ivan Menezes	director	C/O TAPESTRY, INC., 10 HUDSON YARDS, NEW YORK NY 10001
Thomas Greco	director	PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Pamela Lifford	director	10 HUDSON YARDS, NEW YORK NY 10001
John P Bilbrey	director
Elizabeth Fraser	officer: CEO & Brand Pres. Kate Spade	10 HUDSON YARDS, NEW YORK NY 10001