PVH Corp. (PVH) Balance Sheet

According to recent financial disclosures, PVH's total debt has trended upward from $3.5 billion in 2024Q3 to $4.2 billion in 2026Q1, suggesting that the company's capital structure is becoming increasingly reliant on external financing to support its ongoing operational and strategic requirements during this period of transition.

As reported in quarterly filings, PVH's debt-to-equity ratio has climbed from 0.66 in 2024Q4 to 0.86 in 2026Q1, which suggests that the company is utilizing more leverage to maintain its operations, potentially limiting its capacity for future capital allocation flexibility or aggressive investment in brand growth.

Based on the provided balance sheet data, PVH's current ratio has fluctuated between 1.11 and 1.68 over the last ten quarters, indicating that while the company maintains a sufficient buffer to cover short-term obligations, its liquidity position remains sensitive to seasonal inventory build-ups and working capital swings.

As indicated by the company's financial statements, retained earnings have grown from $5.4 billion in 2023Q4 to $6.1 billion in 2026Q1, suggesting that despite operational volatility, the firm has successfully reinvested profits to bolster its equity base over the long term.