Ralph Lauren Corporation (RL) Balance Sheet
RL balance sheet, FY2026
March 31, 2026 · U.S. dollars$6.44B assets = $3.60B liabilities + $2.84B equity
Both columns are drawn to the same scale: what RL owns equals what it owes plus shareholders’ equity. Hover a block for its value.
RL financial health
Current ratio2.10
Comfortable · current assets cover current liabilities 2.10×
Debt / equity1.05
Moderate leverage · $1.05 of debt for each $1 of equity
Equity / assets44.1%
Equity-funded · of assets funded by shareholders
Cash / debt69.1%
Partial cover · cash & short-term investments vs total debt
Goodwill & intangibles15.5%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
RL balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $5.65BFY2017 | $6.44BFY2026 | +1.5%/yr | |
| Total liabilities | $2.35BFY2017 | $3.60BFY2026 | +4.8%/yr | |
| Shareholders’ equity | $3.30BFY2017 | $2.84BFY2026 | −1.7%/yr | |
| Cash & short-term investments | $1.35BFY2017 | $2.06BFY2026 | +4.8%/yr | |
| Total debt | $861.7MFY2017 | $2.99BFY2026 | +14.8%/yr | |
| Net cash (debt) | $491.3MFY2017 | −$923.7MFY2026 | −$1.4B | |
| Working capital | $1.79BFY2017 | $2.04BFY2026 | +$244.1M | |
| Book value per share | $39.90FY2017 | $45.59FY2026 | +1.5%/yr | |
| Current ratio | 2.55FY2017 | 2.10FY2026 | −0.44 | |
| Debt / equity | 0.26FY2017 | 1.05FY2026 | +0.79 | |
| Shares outstanding | 82.7MFY2017 | 62.3MFY2026 | −3.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RL assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
RL liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
RL debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
RL balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $2.06B | $2.08B | $1.78B | $1.57B | $2.60B | $2.78B | $2.12B | $1.99B | $2.00B | $1.35B |
| Cash & equivalents | $1.99B | $1.92B | $1.66B | $1.53B | $1.86B | $2.58B | $1.62B | $584.1M | $1.30B | $668.3M |
| Short-term investments | $77.0M | $160.5M | $121.0M | $36.4M | $734.6M | $197.5M | $495.9M | $1.40B | $699.4M | $684.7M |
| Receivables | $677.7M | $612.3M | $561.0M | $579.7M | $542.8M | $571.9M | $415.4M | $430.2M | $651.7M | $673.8M |
| Inventory | $1.01B | $949.6M | $902.2M | $1.07B | $977.3M | $759.0M | $736.2M | $817.8M | $761.3M | $791.5M |
| Other current assets | $130.2M | $145.0M | $113.4M | $107.4M | $98.8M | $100.6M | $107.3M | $359.3M | $131.4M | $136.2M |
| Total current assets | $3.89B | $3.79B | $3.36B | $3.32B | $4.22B | $4.21B | $3.38B | $3.59B | $3.55B | $2.95B |
| Property, plant & equipment (net) | $1.07B | $1.86B | $1.86B | $2.09B | $2.08B | $2.25B | $2.49B | $1.04B | $1.19B | $1.32B |
| Goodwill & intangible assets | $997.5M | $951.3M | $963.8M | $987.8M | $1.01B | $1.06B | $1.06B | $1.08B | $1.14B | $1.12B |
| Long-term investments | $5.9M | $3.1M | $7.5M | $10.6M | $12.0M | $6.3M | $0 | $44.9M | $86.2M | $21.4M |
| Other non-current assets | $478.9M | $443.5M | $406.5M | $377.5M | $403.0M | $364.0M | $357.1M | $180.6M | $183.9M | $235.7M |
| Total assets | $6.44B | $7.05B | $6.60B | $6.79B | $7.72B | $7.89B | $7.28B | $5.94B | $6.14B | $5.65B |
| Liabilities | ||||||||||
| Accounts payable | $431.0M | $436.0M | $332.2M | $371.6M | $448.7M | $355.9M | $246.8M | $202.3M | $165.6M | $147.7M |
| Short-term debt | $211.7M | $645.7M | $264.7M | $287.0M | $781.6M | $322.6M | $1.07B | $22.3M | $327.7M | $22.6M |
| Deferred revenue | $22.0M | $16.6M | $17.3M | $14.0M | $16.5M | $12.0M | $14.6M | $14.1M | $30.4M | $29.7M |
| Total current liabilities | $1.85B | $2.13B | $1.47B | $1.49B | $2.26B | $1.58B | $2.09B | $1.20B | $1.59B | $1.16B |
| Long-term debt | $1.24B | $977.7M | $1.40B | $1.14B | $1.14B | $1.63B | $396.4M | $689.1M | $288.0M | $588.2M |
| Lease obligations | $1.77B | $1.53B | $1.53B | $1.72B | $1.76B | $1.99B | $2.06B | $234.9M | $255.9M | $273.5M |
| Other long-term liabilities | $512.3M | $1.35B | $1.29B | $1.73B | $1.80B | $2.07B | $2.10B | $766.4M | $810.7M | $604.3M |
| Total liabilities | $3.60B | $4.46B | $4.15B | $4.36B | $5.19B | $5.28B | $4.59B | $2.66B | $2.69B | $2.35B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | — | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.2M |
| Retained earnings (deficit) | $8.31B | $7.59B | $7.05B | $6.60B | $6.27B | $5.87B | $5.99B | $5.98B | $5.75B | $5.75B |
| Treasury stock | — | — | — | −$6.80B | −$6.31B | −$5.82B | −$5.78B | −$5.08B | −$4.58B | −$4.56B |
| Accumulated other comprehensive income | −$251.3M | −$299.9M | −$276.1M | −$196.0M | −$180.3M | −$120.8M | −$118.2M | −$103.4M | −$98.5M | −$198.4M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $2.84B | $2.59B | $2.45B | $2.43B | $2.54B | $2.60B | $2.69B | $3.29B | $3.46B | $3.30B |
| Key figures | ||||||||||
| Total debt | $2.99B | $2.67B | $3.69B | $4.02B | $3.39B | $3.62B | $3.23B | $711.4M | $852.1M | $861.7M |
| Net cash (debt) | −$923.7M | −$585.1M | −$1.91B | −$2.46B | −$793.5M | −$844.0M | −$1.11B | $1.28B | $1.15B | $491.3M |
| Working capital | $2.04B | $1.66B | $1.89B | $1.83B | $1.96B | $2.62B | $1.28B | $2.39B | $1.96B | $1.79B |
| Tangible book value | $1.84B | $1.64B | $1.49B | $1.44B | $1.52B | $1.55B | $1.64B | $2.20B | $2.32B | $2.18B |
| Book value per share | $45.59 | $40.45 | $36.85 | $35.22 | $34.13 | $35.43 | $34.88 | $40.24 | $41.91 | $39.90 |
| Shares outstanding | 62.3M | 64.0M | 66.5M | 69.0M | 74.3M | 73.5M | 77.2M | 81.7M | 82.5M | 82.7M |
| Current ratio | 2.10 | 1.78 | 2.29 | 2.23 | 1.87 | 2.66 | 1.61 | 3.00 | 2.24 | 2.55 |
| Quick ratio | 1.48 | 1.26 | 1.60 | 1.44 | 1.39 | 2.11 | 1.21 | 2.01 | 1.67 | 1.75 |
| Debt / equity | 1.05 | 1.03 | 1.51 | 1.66 | 1.34 | 1.39 | 1.20 | 0.22 | 0.25 | 0.26 |
| Equity / assets | 44.1% | 36.7% | 37.1% | 35.8% | 32.8% | 33.0% | 37.0% | 55.3% | 56.3% | 58.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.94B | $2.06B | $2.25B | $1.65B | $2.28B | $2.08B | $2.14B | $1.69B | $1.76B | $1.78B | $1.92B | $1.47B |
| Cash & equivalents | $1.72B | $1.99B | $2.03B | $1.44B | $2.09B | $1.92B | $1.94B | $1.35B | $1.59B | $1.66B | $1.80B | $1.38B |
| Short-term investments | $222.6M | $77.0M | $218.9M | $202.5M | $186.6M | $160.5M | $203.0M | $334.7M | $173.6M | $121.0M | $113.8M | $85.1M |
| Receivables | $543.8M | $677.7M | $625.4M | $692.8M | $548.5M | $612.3M | $578.5M | $643.7M | $487.0M | $561.0M | $527.4M | $587.8M |
| Inventory | $1.16B | $1.01B | $1.15B | $1.26B | $1.22B | $949.6M | $998.6M | $1.13B | $1.04B | $902.2M | $1.06B | $1.20B |
| Other current assets | $185.6M | $130.2M | $161.6M | $152.0M | $151.0M | $145.0M | $180.0M | $143.3M | $161.3M | $113.4M | $139.5M | $144.5M |
| Total current assets | $3.83B | $3.89B | $4.19B | $3.75B | $4.20B | $3.79B | $3.90B | $3.60B | $3.45B | $3.36B | $3.64B | $3.39B |
| Property, plant & equipment (net) | $2.36B | $1.07B | $2.21B | $2.19B | $2.11B | $1.86B | $1.85B | $1.85B | $1.85B | $1.86B | $1.95B | $1.96B |
| Goodwill & intangible assets | $990.3M | $997.5M | $966.8M | $968.4M | $973.8M | $951.3M | $942.2M | $969.9M | $955.1M | $963.8M | $978.9M | $965.2M |
| Long-term investments | $10.2M | $5.9M | $4.6M | $3.0M | $3.0M | $3.1M | $1.5M | $7.8M | $7.9M | $7.5M | $10.6M | $9.7M |
| Other non-current assets | $463.2M | $478.9M | $441.6M | $433.7M | $470.9M | $443.5M | $387.6M | $371.7M | $384.8M | $406.5M | $424.6M | $389.9M |
| Total assets | $7.66B | $6.44B | $7.81B | $7.35B | $7.75B | $7.05B | $7.08B | $6.80B | $6.64B | $6.60B | $7.00B | $6.72B |
| Liabilities | ||||||||||||
| Accounts payable | $556.7M | $431.0M | $543.7M | $532.7M | $609.1M | $436.0M | $489.5M | $495.7M | $477.8M | $332.2M | $411.8M | $460.1M |
| Short-term debt | $248.9M | $211.7M | $246.7M | $259.0M | $661.8M | $645.7M | $645.0M | $659.6M | $255.1M | $264.7M | $277.5M | $289.5M |
| Deferred revenue | $19.6M | $22.0M | $27.6M | $21.8M | $15.0M | $16.6M | $22.5M | $15.7M | $18.3M | $17.3M | $23.3M | $15.1M |
| Total current liabilities | $1.88B | $1.85B | $2.00B | $1.84B | $2.29B | $2.13B | $2.22B | $2.09B | $1.57B | $1.47B | $1.68B | $1.61B |
| Long-term debt | $1.24B | $1.24B | $1.46B | $1.46B | $1.47B | $977.7M | $981.7M | $988.2M | $1.14B | $1.14B | $1.14B | $1.41B |
| Lease obligations | $1.76B | $1.77B | $1.62B | $1.63B | $1.60B | $1.53B | $1.54B | $1.53B | $1.54B | $1.53B | $1.62B | $1.64B |
| Other long-term liabilities | $1.82B | $512.3M | $1.47B | $1.46B | $1.48B | $1.35B | $1.34B | $1.28B | $1.56B | $1.54B | $1.61B | $1.34B |
| Total liabilities | $4.94B | $3.60B | $4.93B | $4.77B | $5.24B | $4.46B | $4.54B | $4.36B | $4.27B | $4.15B | $4.43B | $4.35B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.3M | — | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M |
| Retained earnings (deficit) | $8.51B | $8.31B | $8.21B | $7.91B | $7.76B | $7.59B | $7.51B | $7.27B | $7.17B | $7.05B | $7.01B | $6.78B |
| Accumulated other comprehensive income | −$272.8M | −$251.3M | −$235.1M | −$476.8M | −$235.5M | −$299.9M | −$324.8M | −$225.7M | −$298.1M | −$276.1M | −$209.3M | −$262.8M |
| Total shareholders' equity | $2.72B | $2.84B | $2.89B | $2.58B | $2.52B | $2.59B | $2.54B | $2.44B | $2.37B | $2.45B | $2.57B | $2.37B |
| Key figures | ||||||||||||
| Total debt | $3.00B | $2.99B | $4.01B | $4.02B | $4.35B | $2.67B | $2.68B | $2.67B | $2.68B | $2.68B | $2.76B | $2.77B |
| Net cash (debt) | −$1.06B | −$923.7M | −$1.76B | −$2.38B | −$2.07B | −$585.1M | −$540.5M | −$978.2M | −$921.7M | −$892.1M | −$838.7M | −$1.31B |
| Working capital | $1.96B | $2.04B | $2.19B | $1.91B | $1.91B | $1.66B | $1.68B | $1.51B | $1.87B | $1.89B | $1.96B | $1.78B |
| Tangible book value | $1.73B | $1.84B | $1.92B | $1.61B | $1.54B | $1.64B | $1.60B | $1.47B | $1.41B | $1.49B | $1.59B | $1.40B |
| Book value per share | $44.40 | $45.59 | $46.29 | $41.38 | $40.24 | $40.64 | $39.80 | $38.22 | $36.64 | $37.41 | $38.97 | $35.26 |
| Shares outstanding | 61.3M | 62.3M | 62.4M | 62.4M | 62.5M | 63.7M | 63.8M | 63.9M | 64.6M | 65.5M | 66.0M | 67.2M |
| Current ratio | 2.04 | 2.10 | 2.10 | 2.04 | 1.84 | 1.78 | 1.76 | 1.72 | 2.19 | 2.29 | 2.17 | 2.11 |
| Quick ratio | 1.33 | 1.48 | 1.44 | 1.27 | 1.24 | 1.26 | 1.22 | 1.12 | 1.43 | 1.60 | 1.46 | 1.28 |
| Debt / equity | 1.10 | 1.05 | 1.39 | 1.56 | 1.73 | 1.03 | 1.06 | 1.09 | 1.13 | 1.09 | 1.07 | 1.17 |
| Equity / assets | 35.5% | 44.1% | 37.0% | 35.1% | 32.4% | 36.7% | 35.9% | 35.9% | 35.6% | 37.1% | 36.7% | 35.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed May 21, 2026); data from EODHD.
RL financial position
At the end of fiscal 2026 (March 31, 2026), Ralph Lauren had total assets of $6.4 billion (down 8.6% from a year earlier), total liabilities of $3.6 billion and shareholders' equity of $2.8 billion. It held $2.1 billion in cash and short-term investments against $3.0 billion of debt, net debt of $923.7 million. Its current ratio was 2.10. In the latest quarter (ended June 30, 2026) total assets were $7.7 billion and equity $2.7 billion.
Related: RL income statement, RL cash flow statement, RL key metrics. See the RL stock overview for the latest quote and news.
RL balance sheet FAQ
What are Ralph Lauren's total assets?
Ralph Lauren reported total assets of $6.4 billion at the end of fiscal 2026 (March 31, 2026), compared with $7.0 billion a year earlier.
How much debt does Ralph Lauren have?
Ralph Lauren had $3.0 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.05.
How much cash does Ralph Lauren have?
Ralph Lauren held $2.1 billion in cash and short-term investments at the end of fiscal 2026; with $3.0 billion of debt that is net debt of $923.7 million.
What is Ralph Lauren's book value?
Ralph Lauren's shareholders' equity (book value) was $2.8 billion at the end of fiscal 2026, or $45.59 per share.
What is Ralph Lauren's current ratio?
Ralph Lauren had current assets of $3.9 billion and current liabilities of $1.8 billion, a current ratio of 2.10 (it can cover its short-term obligations).
How much goodwill does Ralph Lauren have?
Ralph Lauren carried $997.5 million of goodwill and intangible assets, 15.5% of total assets, at the end of fiscal 2026.