The company's financial stability is increasingly compromised, as evidenced by a debt-to-equity ratio that surged to 16.90 in 2026Q4 from 1.92 in 2024Q3.
| Metric | Mar'26 | Mar'25 | Mar'24 | Apr'23 | Apr'22 | Mar'21 | Mar'20 | Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 |
|---|
| Total Current Assets | 1.15B | 1.52B | 1.61B | 1.87B | 1.89B | 1.55B | 1.89B | 1.73B | 1.26B | 1.16B | 1.67B | 2.02B | 1.78B | 989.19M | 464.06M | 245.4M |
| Cash & Short-Term Investments | 135M | 166M | 199M | 249M | 169M | 232M | 592M | 172M | 163.1M | 227.7M | 702M | 978.92M | 955.14M | 472.51M | 106.35M | 21.07M |
| Cash Only | 135M | 166M | 199M | 249M | 169M | 232M | 592M | 172M | 163.1M | 227.7M | 702M | 978.92M | 955.14M | 472.51M | 106.35M | 21.07M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 300M | 321M | 382M | 389M | 464M | 398M | 319M | 383M | 299.9M | 265.8M | 307.9M | 375.71M | 314.06M | 206.45M | 127.23M | 80.08M |
| Days Sales Outstanding | 31.52 | 26.38 | 31.39 | 25.27 | 29.95 | 25.69 | 20.98 | 26.69 | 23.2 | 21.59 | 23.85 | 31.37 | 34.62 | 34.54 | 35.66 | 36.39 |
| Inventory | 581M | 869M | 862M | 1.06B | 1.1B | 736M | 827M | 953M | 660.7M | 549.3M | 546.8M | 519.91M | 426.94M | 266.89M | 187.41M | 117.17M |
| Days Inventory Outstanding | 148.5 | 196.28 | 194.7 | 203.59 | 209.44 | 140.65 | 132.39 | 169.02 | 129.65 | 109.38 | 104.23 | 110.09 | 120.36 | 111.31 | 124.56 | 119.71 |
| Other Current Assets | 137M | 39M | 56M | 48M | 61M | 36M | 23M | 57M | 37.2M | 43.6M | 28M | 45.57M | 51.35M | 8.48M | 43.07M | 7.32M |
| Total Non-Current Assets | 2.08B | 3.69B | 5.08B | 5.42B | 5.59B | 5.93B | 6.05B | 4.92B | 2.8B | 1.24B | 897M | 674.46M | 439.8M | 300.38M | 210.36M | 154.1M |
| Property, Plant & Equipment | 1.23B | 1.73B | 2.02B | 1.88B | 1.83B | 1.99B | 2.19B | 615M | 583.2M | 591.5M | 758.2M | 562.93M | 350.68M | 242.11M | 170.75M | 119.32M |
| Fixed Asset Turnover | 2.84x | 2.57x | 2.20x | 2.99x | 3.08x | 2.84x | 2.54x | 8.52x | 8.09x | 7.60x | 6.21x | 7.77x | 9.44x | 9.01x | 7.63x | 6.73x |
| Goodwill | 202M | 688M | 1.11B | 1.29B | 1.42B | 1.5B | 1.49B | 1.66B | 847.7M | 119.7M | 23.2M | 14.01M | 14.01M | 14.01M | 14.01M | 14.01M |
| Intangible Assets | 562M | 1.12B | 1.39B | 1.73B | 1.85B | 1.99B | 1.99B | 2.29B | 1.24B | 418.1M | 67.4M | 61.54M | 48.03M | 20.98M | 14.15M | 15.8M |
| Long-Term Investments | 0 | 0 | 12M | 1M | 44M | 3M | 3M | 37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 92M | 162M | 200M | 225M | 206M | 175M | 164M | 205M | 74.1M | 42.3M | 23.7M | 33.5M | 23.43M | 18.89M | 7.5M | 3.02M |
| Total Assets | 3.23B | 5.21B | 6.69B | 7.29B | 7.48B | 7.48B | 7.95B | 6.65B | 4.06B | 2.41B | 2.57B | 2.69B | 2.22B | 1.29B | 674.42M | 399.5M |
| Asset Turnover | 1.07x | 0.85x | 0.66x | 0.77x | 0.76x | 0.76x | 0.70x | 0.79x | 1.16x | 1.87x | 1.84x | 1.62x | 1.49x | 1.69x | 1.93x | 2.01x |
| Asset Growth % | -37.96% | -22.07% | -8.31% | -2.47% | -0.01% | -5.85% | 19.49% | 63.83% | 68.45% | -6.12% | -4.65% | 21.42% | 71.92% | 91.21% | 68.82% | - |
| Total Current Liabilities | 954M | 1.34B | 1.7B | 1.45B | 1.57B | 1.62B | 1.4B | 1.54B | 960.3M | 565.8M | 435.5M | 330.08M | 308.37M | 164.25M | 165.01M | 127.72M |
| Accounts Payable | 311M | 485M | 352M | 475M | 555M | 512M | 428M | 371M | 216.4M | 176.3M | 131.4M | 142.82M | 131.95M | 82.98M | 67.33M | 52.87M |
| Days Payables Outstanding | 79.49 | 109.55 | 79.5 | 91.49 | 106.06 | 97.84 | 68.52 | 65.8 | 42.47 | 35.11 | 25.05 | 30.24 | 37.2 | 34.61 | 44.75 | 54.02 |
| Short-Term Debt | 247M | 24M | 462M | 5M | 29M | 570M | 597M | 630M | 200M | 133.1M | 0 | 0 | 0 | 0 | 22.67M | 12.77M |
| Deferred Revenue (Current) | 0 | 14M | 15M | 32M | 24M | 12M | 11M | 13M | 24.4M | 17.9M | 43.3M | 5.08M | 0 | 1.09M | 65.03M | 0 |
| Other Current Liabilities | 373M | 121M | 114M | 123M | 137M | 272M | 220M | 349M | 287.2M | 129.9M | 192.8M | 95.15M | 66.7M | 33.55M | 33.1M | 17.29M |
| Current Ratio | 1.21x | 1.14x | 0.95x | 1.29x | 1.21x | 0.95x | 1.35x | 1.12x | 1.31x | 2.06x | 3.83x | 6.11x | 5.76x | 6.02x | 2.81x | 1.92x |
| Quick Ratio | 0.60x | 0.49x | 0.44x | 0.56x | 0.51x | 0.50x | 0.76x | 0.50x | 0.63x | 1.09x | 2.58x | 4.54x | 4.38x | 4.40x | 1.68x | 1.00x |
| Cash Conversion Cycle | 100.53 | 113.11 | 146.58 | 137.37 | 133.34 | 68.5 | 84.85 | 129.91 | 110.38 | 95.86 | 103.03 | 111.22 | 117.78 | 111.24 | 115.48 | 102.08 |
| Total Non-Current Liabilities | 2.2B | 3.5B | 3.39B | 4B | 3.36B | 3.7B | 4.38B | 2.68B | 1.08B | 248.8M | 131.8M | 120.85M | 102.47M | 78.07M | 53.18M | 146.45M |
| Long-Term Debt | 343M | 1.48B | 1.26B | 1.82B | 1.13B | 1.22B | 2.01B | 1.94B | 674.4M | 0 | 2.3M | 0 | 0 | 0 | 0 | 101.65M |
| Capital Lease Obligations | 830M | 1.25B | 1.45B | 1.35B | 1.47B | 1.66B | 1.76B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 88M | 339M | 362M | 508M | 432M | 397M | 465M | 438M | 186.3M | 80M | 3.5M | 10.49M | 5.89M | 13.16M | 6.3M | 5.5M |
| Other Non-Current Liabilities | 935M | 437M | 319M | 318M | 326M | 424M | 133M | 302M | 216.5M | 168.8M | 126M | 120.85M | 96.58M | 64.91M | 46.88M | 9.92M |
| Total Liabilities | 3.15B | 4.84B | 5.09B | 5.45B | 4.92B | 5.32B | 5.78B | 4.22B | 2.04B | 814.6M | 567.3M | 450.93M | 410.84M | 242.32M | 218.19M | 274.18M |
| Total Debt | 1.42B | 3.1B | 3.58B | 3.6B | 3.04B | 3.45B | 4.37B | 2.57B | 874.4M | 133.1M | 2.3M | 0 | 0 | 0 | 22.67M | 114.42M |
| Net Debt | 1.28B | 2.94B | 3.38B | 3.35B | 2.87B | 3.21B | 3.77B | 2.39B | 711.3M | -94.6M | -699.7M | -978.92M | -955.14M | -472.51M | -83.68M | 93.35M |
| Debt / Equity | 16.90x | 8.34x | 2.23x | 1.95x | 1.19x | 1.60x | 2.01x | 1.06x | 0.43x | 0.08x | 0.00x | - | - | - | 0.05x | 0.91x |
| Debt / EBITDA | 7.00x | - | - | 4.20x | 2.77x | 3.14x | 76.61x | 2.67x | 0.91x | 0.15x | 0.00x | - | - | - | 0.08x | 0.70x |
| Net Debt / EBITDA | 6.33x | - | - | 3.91x | 2.62x | 2.93x | 66.23x | 2.49x | 0.74x | -0.10x | -0.52x | -0.70x | -0.88x | -0.69x | -0.29x | 0.57x |
| Interest Coverage | - | 1.41x | 8.67x | 34.88x | - | 23.67x | 31.00x | 17.34x | 39.64x | 225.00x | 697.65x | 5850.23x | 2523.75x | 413.87x | 167.88x | 75.60x |
| Total Equity | 84M | 372M | 1.6B | 1.85B | 2.56B | 2.16B | 2.17B | 2.43B | 2.02B | 1.59B | 2B | 2.24B | 1.81B | 1.05B | 456.24M | 125.32M |
| Equity Growth % | -77.42% | -76.75% | -13.47% | -27.72% | 18.59% | -0.51% | -10.86% | 20.31% | 26.74% | -20.23% | -10.78% | 24.08% | 72.46% | 129.54% | 264.06% | - |
| Book Value per Share | 0.70 | 3.15 | 13.67 | 13.80 | 16.77 | 14.14 | 14.38 | 16.04 | 13.03 | 9.49 | 10.58 | 10.89 | 8.78 | 5.20 | 2.41 | 0.68 |
| Total Shareholders' Equity | 80M | 368M | 1.6B | 1.85B | 2.56B | 2.16B | 2.17B | 2.43B | 2.02B | 1.59B | 2B | 2.24B | 1.81B | 1.05B | 456.24M | 125.32M |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 4.43B | 4.3B | 5.48B | 5.71B | 5.09B | 4.27B | 4.33B | 4.71B | 4.15B | 3.56B | 3.01B | 2.17B | 1.29B | 626.25M | 228.65M | 81.29M |
| Treasury Stock | -5.54B | -5.46B | -5.46B | -5.35B | -3.99B | -3.33B | -3.33B | -3.22B | -3.02B | -2.65B | -1.65B | -497.72M | -2.45M | 0 | 0 | 0 |
| Accumulated OCI | -323M | 57M | 161M | 147M | 194M | 56M | 75M | -66M | 50.5M | -80.6M | -80.9M | -66.8M | -6.37M | -3.46M | -735K | 4.03M |
| Minority Interest | 4M | 4M | 1M | 1M | -1M | -1M | 1M | 3M | 3.8M | 2.4M | 3.8M | 0 | 0 | 0 | 0 | 0 |
Rapid equity base erosion
As reported in recent financial statements, Capri's equity has plummeted from $1.9 billion in 2024Q3 to a mere $80 million by 2026Q4, signaling a severe deterioration in the company's net worth as persistent operating losses and asset impairments continue to consume the firm's capital base.
The precipitous decline in equity suggests that the company is struggling to maintain its financial foundation amidst a sustained period of operational underperformance. Investors should monitor whether this trajectory necessitates a capital raise or further asset divestitures to stabilize the balance sheet.
Based on the latest quarterly data, Capri's debt-to-equity ratio has surged to 16.90 in 2026Q4, a dramatic increase from the 1.92 level observed in 2024Q3, which indicates that the company's reliance on debt has become increasingly precarious as its equity cushion has effectively evaporated.
This extreme leverage ratio suggests that the company's debt burden is no longer supported by a meaningful equity base, leaving the firm highly sensitive to interest rate fluctuations and refinancing risks. The shift from strategic leverage to necessity-driven borrowing appears to be a direct consequence of the company's inability to generate consistent internal cash flow.
According to reported figures, Capri's cash position has dwindled to $135 million in 2026Q4, down from $255 million in 2024Q3, leaving the company with a current ratio of 1.21 that provides a very thin buffer against ongoing operational cash burn and maturing debt obligations.
The narrowing liquidity position suggests that the company may face significant challenges in funding its day-to-day operations without external support. The lack of a substantial cash reserve in the face of declining revenue warrants close investigation into the company's ability to sustain its current retail footprint.
As indicated by the balance sheet, Capri's total assets have contracted from $7.6 billion in 2024Q3 to $3.2 billion in 2026Q4, reflecting a significant reduction in the company's asset base that may be tied to ongoing goodwill impairments and the liquidation of inventory.
The reduction in asset value suggests that the company is actively shedding or writing down the carrying value of its business units, which may indicate that previous acquisitions are not performing to expectations. The concentration of assets in PPE and potentially stale inventory poses a risk of further write-downs if market conditions do not improve.
Quick answers to the most common questions about buying CPRI stock.
As of 2026, Capri Holdings Limited (CPRI) had total assets of $3.23B including $1.15B in current assets.
Capri Holdings Limited (CPRI) carries total debt of $1.42B, offset by $135.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Capri Holdings Limited (CPRI) has total shareholders' equity (book value) of $80.0M ($0.70 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Capri Holdings Limited (CPRI) reported a current ratio of 1.21x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.