Kontoor Brands Balance Sheet Health
Financial Health criteria checks 3/6
Kontoor Brands has a total shareholder equity of $208.1M and total debt of $839.4M, which brings its debt-to-equity ratio to 403.4%. Its total assets and total liabilities are $1.7B and $1.4B respectively. Kontoor Brands's EBIT is $341.7M making its interest coverage ratio 9.5. It has cash and short-term investments of $58.1M.
Key information
403.4%
Debt to equity ratio
US$839.39m
Debt
Interest coverage ratio | 9.5x |
Cash | US$58.05m |
Equity | US$208.10m |
Total liabilities | US$1.44b |
Total assets | US$1.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3KO's short term assets ($1.1B) exceed its short term liabilities ($507.4M).
Long Term Liabilities: 3KO's short term assets ($1.1B) exceed its long term liabilities ($937.5M).
Debt to Equity History and Analysis
Debt Level: 3KO's net debt to equity ratio (375.5%) is considered high.
Reducing Debt: Insufficient data to determine if 3KO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 3KO's debt is not well covered by operating cash flow (10.4%).
Interest Coverage: 3KO's interest payments on its debt are well covered by EBIT (9.5x coverage).