Kontoor Brands Balance Sheet Health
Financial Health criteria checks 4/6
Kontoor Brands has a total shareholder equity of $371.9M and total debt of $783.9M, which brings its debt-to-equity ratio to 210.8%. Its total assets and total liabilities are $1.6B and $1.3B respectively. Kontoor Brands's EBIT is $330.8M making its interest coverage ratio 9. It has cash and short-term investments of $215.1M.
Key information
210.8%
Debt to equity ratio
US$783.92m
Debt
Interest coverage ratio | 9x |
Cash | US$215.05m |
Equity | US$371.91m |
Total liabilities | US$1.27b |
Total assets | US$1.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3KO's short term assets ($1.0B) exceed its short term liabilities ($392.6M).
Long Term Liabilities: 3KO's short term assets ($1.0B) exceed its long term liabilities ($880.9M).
Debt to Equity History and Analysis
Debt Level: 3KO's net debt to equity ratio (153%) is considered high.
Reducing Debt: 3KO's debt to equity ratio has increased from 15.9% to 210.8% over the past 5 years.
Debt Coverage: 3KO's debt is well covered by operating cash flow (45.5%).
Interest Coverage: 3KO's interest payments on its debt are well covered by EBIT (9x coverage).