Tapestry Balance Sheet Health
Financial Health criteria checks 4/6
Tapestry has a total shareholder equity of $3.0B and total debt of $7.3B, which brings its debt-to-equity ratio to 245.2%. Its total assets and total liabilities are $13.7B and $10.7B respectively. Tapestry's EBIT is $1.3B making its interest coverage ratio 10.9. It has cash and short-term investments of $7.3B.
Key information
245.2%
Debt to equity ratio
US$7.31b
Debt
| Interest coverage ratio | 10.9x |
| Cash | US$7.31b |
| Equity | US$2.98b |
| Total liabilities | US$10.75b |
| Total assets | US$13.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TPRY34's short term assets ($9.1B) exceed its short term liabilities ($1.9B).
Long Term Liabilities: TPRY34's short term assets ($9.1B) exceed its long term liabilities ($8.9B).
Debt to Equity History and Analysis
Debt Level: TPRY34's net debt to equity ratio (0.2%) is considered satisfactory.
Reducing Debt: TPRY34's debt to equity ratio has increased from 51.7% to 245.2% over the past 5 years.
Debt Coverage: TPRY34's debt is not well covered by operating cash flow (17.8%).
Interest Coverage: TPRY34's interest payments on its debt are well covered by EBIT (10.9x coverage).