Tapestry Balance Sheet Health
Financial Health criteria checks 3/6
Tapestry has a total shareholder equity of $2.7B and total debt of $7.7B, which brings its debt-to-equity ratio to 291%. Its total assets and total liabilities are $13.8B and $11.2B respectively. Tapestry's EBIT is $1.2B making its interest coverage ratio 52. It has cash and short-term investments of $7.5B.
Key information
291.0%
Debt to equity ratio
US$7.74b
Debt
Interest coverage ratio | 52x |
Cash | US$7.46b |
Equity | US$2.66b |
Total liabilities | US$11.16b |
Total assets | US$13.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: COY's short term assets ($9.0B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: COY's short term assets ($9.0B) do not cover its long term liabilities ($9.7B).
Debt to Equity History and Analysis
Debt Level: COY's net debt to equity ratio (10.4%) is considered satisfactory.
Reducing Debt: COY's debt to equity ratio has increased from 45.7% to 291% over the past 5 years.
Debt Coverage: COY's debt is not well covered by operating cash flow (18.3%).
Interest Coverage: COY's interest payments on its debt are well covered by EBIT (52x coverage).