Tapestry, Inc. (TPR) Balance Sheet
TPR balance sheet, FY2026
June 30, 2026 · U.S. dollars$6.69B assets = $6.00B liabilities + $692.1M equity
Both columns are drawn to the same scale: what TPR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TPR financial health
Current ratio1.75
Comfortable · current assets cover current liabilities 1.75×
Debt / equity5.71
High leverage · $5.71 of debt for each $1 of equity
Equity / assets10.3%
Thin equity · of assets funded by shareholders
Cash / debt29.1%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles25.0%
Acquisition-heavy · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
TPR balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $5.83BFY2017 | $6.69BFY2026 | +1.5%/yr | |
| Total liabilities | $2.83BFY2017 | $6.00BFY2026 | +8.7%/yr | |
| Shareholders’ equity | $3.00BFY2017 | $692.1MFY2026 | −15.0%/yr | |
| Cash & short-term investments | $3.08BFY2017 | $1.15BFY2026 | −10.4%/yr | |
| Total debt | $1.58BFY2017 | $3.95BFY2026 | +10.7%/yr | |
| Net cash (debt) | $1.50BFY2017 | −$2.80BFY2026 | −$4.3B | |
| Working capital | $3.20BFY2017 | $1.24BFY2026 | −$2.0B | |
| Book value per share | $10.61FY2017 | $3.29FY2026 | −12.2%/yr | |
| Current ratio | 5.24FY2017 | 1.75FY2026 | −3.49 | |
| Debt / equity | 0.53FY2017 | 5.71FY2026 | +5.19 | |
| Shares outstanding | 282.8MFY2017 | 210.2MFY2026 | −3.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TPR assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
TPR liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
TPR debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TPR balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.15B | $1.12B | $7.20B | $741.5M | $953.2M | $2.02B | $1.43B | $1.23B | $1.25B | $3.08B |
| Cash & equivalents | $974.7M | $1.10B | $6.14B | $726.1M | $789.8M | $2.01B | $1.43B | $969.2M | $1.25B | $2.67B |
| Short-term investments | $177.3M | $19.6M | $1.06B | $15.4M | $163.4M | $8.1M | $8.1M | $264.6M | $6.6M | $410.7M |
| Receivables | $506.4M | $516.6M | $464.4M | $442.6M | $469.5M | $454.8M | $239.3M | $353.9M | $314.1M | $309.5M |
| Inventory | $826.2M | $860.7M | $824.8M | $919.5M | $994.2M | $734.8M | $736.9M | $778.3M | $673.8M | $469.7M |
| Other current assets | $397.7M | $408.7M | $310.7M | $259.9M | $156.9M | $169.9M | $142.5M | $190.8M | $194.7M | $90.5M |
| Total current assets | $2.88B | $2.91B | $8.80B | $2.36B | $2.57B | $3.38B | $2.55B | $2.56B | $2.43B | $3.95B |
| Property, plant & equipment (net) | $1.92B | $1.82B | $1.83B | $1.94B | $1.83B | $2.17B | $2.53B | $938.8M | $885.4M | $691.4M |
| Goodwill & intangible assets | $1.67B | $1.70B | $2.56B | $2.59B | $2.61B | $2.67B | $2.68B | $3.23B | $3.22B | $821.3M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $100,000 | $100,000 | $0 | $75.1M |
| Other non-current assets | $215.9M | $151.5M | $205.8M | $222.5M | $257.4M | $161.7M | $158.3M | $153.5M | $143.1M | $290.5M |
| Total assets | $6.69B | $6.58B | $13.40B | $7.12B | $7.27B | $8.38B | $7.92B | $6.88B | $6.68B | $5.83B |
| Liabilities | ||||||||||
| Accounts payable | $582.3M | $456.1M | $452.2M | $416.9M | $520.7M | $445.2M | $130.8M | $243.6M | $264.3M | $194.6M |
| Short-term debt | $307.8M | $315.7M | $603.1M | $322.5M | $319.9M | $319.4M | $1.10B | $800,000 | $700,000 | $1.58B |
| Deferred revenue | $35.1M | — | −$1.2M | $43.5M | $41.5M | $32.4M | $28.1M | $27.5M | — | $170.0M |
| Total current liabilities | $1.65B | $1.56B | $1.71B | $1.29B | $1.47B | $1.43B | $1.74B | $918.0M | $938.2M | $753.8M |
| Long-term debt | $2.38B | $2.38B | $6.94B | $1.64B | $1.66B | $1.59B | $1.59B | $1.60B | $1.60B | $1.58B |
| Lease obligations | $1.57B | $1.50B | $1.52B | $1.63B | $1.57B | $1.85B | $2.19B | $6.1M | $6.7M | — |
| Other long-term liabilities | $1.98B | $1.79B | $1.85B | $1.92B | $1.85B | $2.11B | $2.31B | $844.0M | $895.5M | $496.4M |
| Total liabilities | $6.00B | $5.72B | $10.50B | $4.84B | $4.98B | $5.12B | $5.65B | $3.36B | $3.43B | $2.83B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $2.0M | $2.1M | $2.3M | $2.3M | $2.4M | $2.8M | $2.8M | $2.9M | $2.9M | $2.8M |
| Retained earnings (deficit) | −$3.21B | −$2.56B | −$722.2M | −$1.22B | −$1.17B | −$158.5M | −$992.7M | $291.6M | $119.0M | $107.7M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$218.6M | −$261.2M | −$145.9M | −$189.9M | −$170.9M | −$72.0M | −$92.2M | −$83.2M | −$82.8M | −$86.9M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $692.1M | $857.8M | $2.90B | $2.28B | $2.29B | $3.26B | $2.28B | $3.51B | $3.24B | $3.00B |
| Key figures | ||||||||||
| Total debt | $3.95B | $3.90B | $8.76B | $3.29B | $3.26B | $3.44B | $4.49B | $1.60B | $1.60B | $1.58B |
| Net cash (debt) | −$2.80B | −$2.78B | −$1.56B | −$2.55B | −$2.31B | −$1.42B | −$3.05B | −$368.9M | −$350.7M | $1.50B |
| Working capital | $1.24B | $1.35B | $7.09B | $1.08B | $1.10B | $1.95B | $811.0M | $1.64B | $1.49B | $3.20B |
| Tangible book value | −$982.1M | −$845.1M | $339.2M | −$309.8M | −$322.6M | $588.6M | −$404.1M | $285.3M | $27.4M | $2.18B |
| Book value per share | $3.29 | $3.86 | $12.42 | $9.44 | $8.46 | $11.52 | $8.17 | $12.08 | $11.24 | $10.61 |
| Shares outstanding | 210.2M | 222.5M | 233.2M | 241.3M | 270.1M | 283.0M | 278.6M | 290.8M | 288.6M | 282.8M |
| Current ratio | 1.75 | 1.87 | 5.14 | 1.84 | 1.75 | 2.37 | 1.47 | 2.79 | 2.59 | 5.24 |
| Quick ratio | 1.01 | 1.05 | 4.48 | 0.92 | 0.97 | 1.73 | 0.96 | 1.73 | 1.67 | 4.50 |
| Debt / equity | 5.71 | 4.55 | 3.03 | 1.45 | 1.43 | 1.05 | 1.97 | 0.46 | 0.49 | 0.53 |
| Equity / assets | 10.3% | 13.0% | 21.6% | 32.0% | 31.5% | 38.9% | 28.7% | 51.1% | 48.6% | 51.5% |
| 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 | $1.15B | $1.07B | $1.08B | $743.2M | $1.12B | $1.06B | $1.00B | $7.31B | $7.20B | $7.42B | $7.46B | $638.8M |
| Cash & equivalents | $974.7M | $1.05B | $1.05B | $719.5M | $1.10B | $1.04B | $983.4M | $6.46B | $6.14B | $6.98B | $6.83B | $622.1M |
| Short-term investments | $177.3M | $22.1M | $24.4M | $23.7M | $19.6M | $19.3M | $19.6M | $842.3M | $1.06B | $442.9M | $629.2M | $16.7M |
| Receivables | $506.4M | $565.9M | $569.5M | $610.7M | $516.6M | $532.2M | $564.6M | $541.8M | $464.4M | $499.2M | $487.2M | $511.3M |
| Inventory | $826.2M | $843.9M | $896.4M | $1.02B | $860.7M | $873.5M | $937.3M | $1.03B | $824.8M | $824.1M | $824.9M | $942.5M |
| Other current assets | $397.7M | $238.9M | $247.2M | $248.2M | $408.7M | $398.7M | $267.1M | $267.7M | $310.7M | $255.7M | $268.1M | $316.4M |
| Total current assets | $2.88B | $2.72B | $2.79B | $2.62B | $2.91B | $2.86B | $2.77B | $9.15B | $8.80B | $9.00B | $9.04B | $2.41B |
| Property, plant & equipment (net) | $1.92B | $1.88B | $1.87B | $1.88B | $1.82B | $1.72B | $1.74B | $1.81B | $1.83B | $1.87B | $1.91B | $1.89B |
| Goodwill & intangible assets | $1.67B | $1.68B | $1.68B | $1.69B | $1.70B | $2.55B | $2.56B | $2.58B | $2.56B | $2.57B | $2.59B | $2.58B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $215.9M | $194.3M | $180.6M | $166.0M | $151.5M | $180.9M | $189.0M | $192.8M | $205.8M | $288.7M | $272.6M | $264.8M |
| Total assets | $6.69B | $6.47B | $6.53B | $6.36B | $6.58B | $7.31B | $7.25B | $13.73B | $13.40B | $13.73B | $13.82B | $7.14B |
| Liabilities | ||||||||||||
| Accounts payable | $582.3M | $499.7M | $564.6M | $495.5M | $456.1M | $393.3M | $513.8M | $544.0M | $452.2M | $373.1M | $462.9M | $386.5M |
| Short-term debt | $307.8M | $310.3M | $331.0M | $565.4M | $315.7M | $600.5M | $587.2M | $601.2M | $603.1M | $333.9M | $330.6M | $320.6M |
| Deferred revenue | $35.1M | — | — | $47.4M | — | — | $50.0M | $40.0M | $45.5M | $41.9M | $43.9M | $32.6M |
| Total current liabilities | $1.65B | $1.48B | $1.72B | $1.72B | $1.56B | $1.63B | $1.75B | $1.85B | $1.71B | $1.37B | $1.45B | $1.19B |
| Long-term debt | $2.38B | $2.38B | $2.38B | $2.38B | $2.38B | $2.38B | $2.38B | $7.01B | $6.94B | $7.67B | $7.71B | $1.63B |
| Lease obligations | $1.57B | $1.55B | $1.55B | $1.56B | $1.50B | $1.41B | $1.43B | $1.49B | $1.52B | $1.57B | $1.60B | $1.59B |
| Other long-term liabilities | $1.98B | $1.93B | $1.88B | $1.87B | $1.79B | $1.81B | $1.79B | $1.88B | $1.85B | $1.91B | $1.99B | $1.90B |
| Total liabilities | $6.00B | $5.78B | $5.98B | $5.96B | $5.72B | $5.81B | $5.92B | $10.75B | $10.50B | $10.95B | $11.16B | $4.73B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2.0M | $2.0M | $2.0M | $2.1M | $2.1M | $2.1M | $2.1M | $2.3M | $2.3M | $2.3M | $2.3M | $2.3M |
| Retained earnings (deficit) | −$3.21B | −$3.17B | −$3.29B | −$3.36B | −$2.56B | −$1.91B | −$1.99B | −$617.0M | −$722.2M | −$801.0M | −$859.9M | −$1.10B |
| Accumulated other comprehensive income | −$218.6M | −$230.3M | −$201.6M | −$228.1M | −$261.2M | −$180.2M | −$156.6M | −$192.4M | −$145.9M | −$157.2M | −$178.4M | −$155.3M |
| Total shareholders' equity | $692.1M | $682.4M | $551.2M | $399.5M | $857.8M | $1.49B | $1.34B | $2.98B | $2.90B | $2.78B | $2.66B | $2.42B |
| Key figures | ||||||||||||
| Total debt | $3.95B | $3.92B | $5.18B | $4.20B | $3.90B | $4.11B | $4.11B | $8.81B | $8.76B | $9.27B | $9.34B | $3.25B |
| Net cash (debt) | −$2.80B | −$2.85B | −$4.10B | −$3.46B | −$2.78B | −$3.05B | −$3.10B | −$1.50B | −$1.56B | −$1.85B | −$1.88B | −$2.61B |
| Working capital | $1.24B | $1.24B | $1.07B | $901.9M | $1.35B | $1.23B | $1.02B | $7.29B | $7.09B | $7.63B | $7.59B | $1.21B |
| Tangible book value | −$982.1M | −$995.2M | −$1.13B | −$1.29B | −$845.1M | −$1.05B | −$1.22B | $397.9M | $339.2M | $203.4M | $69.7M | −$161.3M |
| Book value per share | $3.29 | $3.28 | $2.63 | $1.85 | $4.13 | $6.98 | $5.94 | $12.64 | $12.34 | $11.85 | $11.48 | $10.39 |
| Shares outstanding | 210.2M | 208.3M | 209.8M | 215.5M | 207.8M | 213.9M | 224.9M | 235.9M | 234.7M | 234.2M | 231.7M | 232.5M |
| Current ratio | 1.75 | 1.84 | 1.63 | 1.52 | 1.87 | 1.76 | 1.58 | 4.93 | 5.14 | 6.59 | 6.25 | 2.02 |
| Quick ratio | 1.01 | 1.11 | 0.96 | 0.79 | 1.05 | 0.98 | 0.90 | 4.23 | 4.48 | 5.80 | 5.49 | 0.96 |
| Debt / equity | 5.71 | 5.75 | 9.39 | 10.51 | 4.55 | 2.75 | 3.07 | 2.95 | 3.03 | 3.34 | 3.51 | 1.34 |
| Equity / assets | 10.3% | 10.6% | 8.4% | 6.3% | 13.0% | 20.4% | 18.4% | 21.7% | 21.6% | 20.2% | 19.3% | 33.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed August 13, 2026); data from EODHD.
TPR financial position
At the end of fiscal 2026 (June 30, 2026), Tapestry had total assets of $6.7 billion (up 1.7% from a year earlier), total liabilities of $6.0 billion and shareholders' equity of $692.1 million. It held $1.2 billion in cash and short-term investments against $4.0 billion of debt, net debt of $2.8 billion. Its current ratio was 1.75.
Related: TPR income statement, TPR cash flow statement, TPR key metrics. See the TPR stock overview for the latest quote and news.
TPR balance sheet FAQ
What are Tapestry's total assets?
Tapestry reported total assets of $6.7 billion at the end of fiscal 2026 (June 30, 2026), compared with $6.6 billion a year earlier.
How much debt does Tapestry have?
Tapestry had $4.0 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 5.71.
How much cash does Tapestry have?
Tapestry held $1.2 billion in cash and short-term investments at the end of fiscal 2026; with $4.0 billion of debt that is net debt of $2.8 billion.
What is Tapestry's book value?
Tapestry's shareholders' equity (book value) was $692.1 million at the end of fiscal 2026, or $3.29 per share.
What is Tapestry's current ratio?
Tapestry had current assets of $2.9 billion and current liabilities of $1.6 billion, a current ratio of 1.75 (it can cover its short-term obligations).
How much goodwill does Tapestry have?
Tapestry carried $1.7 billion of goodwill and intangible assets, 25.0% of total assets, at the end of fiscal 2026.