Kering SA
OTCPK:PPRU.Y Stock Report
Kering Balance Sheet Health
Financial Health criteria checks 3/6 Kering has a total shareholder equity of €15.8B and total debt of €13.9B, which brings its debt-to-equity ratio to 88%. Its total assets and total liabilities are €42.2B and €26.4B respectively. Kering's EBIT is €3.6B making its interest coverage ratio 9.2. It has cash and short-term investments of €3.9B.
Key information
88.0%
Debt to equity ratio
Interest coverage ratio 9.2x Cash €3.93b Equity €15.75b Total liabilities €26.40b Total assets €42.15b
Recent financial health updates
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Kering Announces Management Changes Oct 08 Kering SA Approves Appointment of Directors Marcolin's Main Shareholder PAI Partners Reportedly Seeks Buyer Mar 28
Kering SA Proposes Final Dividend for the Year Ended December 31, 2023, Payable on May 6, 2024 Feb 08 Kering SA to Report First Half, 2024 Results on Jul 24, 2024
Kering Announces Departure of Tidjane Thiam as Director to the Chairman of Board of Director, Chair of the Audit Committee and Member of the Remuneration Committee Jan 09
Kering SA, Annual General Meeting, Apr 25, 2024 Dec 09
Kering SA, Annual General Meeting, Apr 25, 2024 Dec 08
Kering Declares Interim Dividend for Financial Year 2023, Payable on January 17, 2024 Dec 07 Kering SA (ENXTPA:KER) completed the acquisition of a 30% stake in Valentino S.p.A. from Mayhoola Lux S.à R.L. Dec 01
Kering SA (ENXTPA:KER) completed the acquisition of Creed Fragrances from Javier Ferrán and Blackrock Long Term Private Capital SLP, LP, managed by BlackRock Private Equity Partners, Inc. and BlackRock, Inc. (NYSE:BLK). Oct 19
Kering SA (ENXTPA:KER) entered into a binding agreement to acquire a 30% stake in Valentino S.p.A. from Mayhoola Lux S.à R.L. for €1.7 billion. Jul 28 Kering SA Announces Executive Changes
Kering SA acquired U N T (Usinage Et Nouvelles Technologies). Jul 01 Kering SA (ENXTPA:KER) signed an agreement to acquire Creed Fragrances from Javier Ferrán and Blackrock Long Term Private Capital SLP, LP, managed by BlackRock Private Equity Partners, Inc. and BlackRock, Inc. (NYSE:BLK). Jun 28
Kering SA (ENXTPA:KER) signed an agreement to acquire Creed Fragrances from Javier Ferrán and Blackrock Long Term Private Capital SLP, LP, managed by BlackRock Private Equity Partners, Inc. and BlackRock, Inc. (NYSE:BLK). Jun 27
Kering Sa Appoints Sabato De Sarno as Creative Director of Gucci Feb 16
Kering SA Proposes Cash Dividend for the Year Ended December 31, 2022, Payable on May 4, 2023 Feb 15
Kering Appoints Raffaella Cornaggia as CEO of Kering Beauté Feb 03
Kering Declares Interim Dividend for Financial Year 2022, Payable on January 18, 2023 Dec 09
Estee Lauder Reportedly Nears $2.8 Billion Deal to Buy Tom Ford Nov 14
Kering Reportedly in Advanced Talks to Acquire Tom Ford Nov 04
Kering SA, Annual General Meeting, Apr 27, 2023 Oct 29
Kering SA to Report Fiscal Year 2022 Results on Feb 15, 2023 Oct 25
Kering SA Announces Board Changes Jul 28
Management of Sowind Group acquired Sowind Group SA from Kering SA (ENXTPA:KER) in a management buyout transaction. Jun 02 Kering SA to Report First Half, 2022 Results on Jul 27, 2022
Kering Announces Board Changes Mar 06
Management of Sowind Group signed an agreement to acquire Sowind Group SA from Kering SA (ENXTPA:KER) in a management buyout transaction. Jan 25
Kering SA to Report Fiscal Year 2020 Results on Feb 17, 2021 Jan 28
Kering SA, Annual General Meeting, Apr 22, 2021 Dec 11
Richemont Chairman Rejects Sale Speculations Nov 10
Bolt Threads Partners With adidas, Kering, lululemon and Stella McCartney to Introduce Mylo™ Oct 03
Kering SA Unable to Provide Guidance for the Second Half of 2020 Aug 10
Kering SA (ENXTPA:KER) acquired remaining 49% stake in e-lite from YOOX Net-A-Porter Group S.p.A. Jul 30
Kering SA to Report First Half, 2020 Results on Jul 28, 2020 Jul 17
Financial Position Analysis
Short Term Liabilities: PPRU.Y's short term assets (€11.7B) exceed its short term liabilities (€8.5B).
Long Term Liabilities: PPRU.Y's short term assets (€11.7B) do not cover its long term liabilities (€17.9B).
Debt to Equity History and Analysis
Debt Level: PPRU.Y's net debt to equity ratio (63%) is considered high .
Reducing Debt: PPRU.Y's debt to equity ratio has increased from 48.5% to 88% over the past 5 years.
Debt Coverage: PPRU.Y's debt is well covered by operating cash flow (31.1%).
Interest Coverage: PPRU.Y's interest payments on its debt are well covered by EBIT (9.2x coverage).
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