Tapestry Good Will vs Long Term Debt Analysis

TPR Stock

USD 58.92 2.51 4.45%

Tapestry financial indicator trend analysis is much more than just breaking down Tapestry prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tapestry is a good investment. Please check the relationship between Tapestry Good Will and its Long Term Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tapestry. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

To learn how to invest in Tapestry Stock, please use our How to Invest in Tapestry guide.

Good Will vs Long Term Debt

Good Will vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tapestry Good Will account and Long Term Debt. At this time, the significance of the direction appears to have weak relationship.

The correlation between Tapestry's Good Will and Long Term Debt is 0.31. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Tapestry, assuming nothing else is changed. The correlation between historical values of Tapestry's Good Will and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Tapestry are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Good Will i.e., Tapestry's Good Will and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.31

Relationship Direction	Positive
Relationship Strength	Very Weak

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Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Long Term Debt

Long-term debt is a debt that Tapestry has held for over one year. Long-term debt appears on Tapestry balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Tapestry balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Tapestry's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tapestry current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tapestry. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

To learn how to invest in Tapestry Stock, please use our How to Invest in Tapestry guide.At this time, Tapestry's Sales General And Administrative To Revenue is relatively stable compared to the past year. As of 11/25/2024, Enterprise Value Over EBITDA is likely to grow to 10.92, while Tax Provision is likely to drop slightly above 124 M.

	2021	2022	2023	2024 (projected)
Gross Profit	4.7B	4.7B	4.9B	2.8B
Total Revenue	6.7B	6.7B	6.7B	3.9B

Gross Profit Total Revenue

Tapestry fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Common Stock Shares Outstanding	Non Current Liabilities Total	Total Liab	Other Current Liab	Total Current Liabilities	Other Liab	Property Plant And Equipment Net	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Inventory	Other Current Assets	Total Current Assets	Short Term Debt	Intangible Assets	Property Plant Equipment
Total Assets		0.95	0.39	0.75	-0.7	0.97	0.98	0.35	0.9	0.47	0.75	0.78	0.86	0.8	0.02	-0.02	0.93	0.86	0.88	0.56	0.55	0.39	0.91	0.41	0.73	0.84
Short Long Term Debt Total	0.95		0.12	0.82	-0.79	0.99	0.99	0.08	0.86	0.23	0.74	0.7	0.87	0.71	-0.06	-0.04	0.96	0.88	0.78	0.42	0.41	0.3	0.91	0.44	0.63	0.84
Total Stockholder Equity	0.39	0.12		-0.01	0.1	0.19	0.22	0.92	0.36	0.87	0.27	0.38	0.19	0.5	0.17	-0.02	0.15	0.16	0.51	0.63	0.58	0.35	0.23	0.13	0.48	0.25
Net Debt	0.75	0.82	-0.01		-0.7	0.79	0.81	-0.05	0.85	0.26	0.89	0.67	0.44	0.84	0.14	0.21	0.65	0.44	0.41	0.63	0.63	0.5	0.52	0.31	0.76	0.91
Common Stock Shares Outstanding	-0.7	-0.79	0.1	-0.7		-0.78	-0.77	0.11	-0.61	-0.05	-0.54	-0.64	-0.65	-0.46	-0.12	0.01	-0.77	-0.67	-0.55	-0.2	-0.37	-0.43	-0.7	-0.26	-0.37	-0.63
Non Current Liabilities Total	0.97	0.99	0.19	0.79	-0.78		1.0	0.15	0.85	0.31	0.71	0.74	0.89	0.72	-0.02	-0.04	0.97	0.89	0.83	0.45	0.44	0.32	0.93	0.41	0.66	0.82
Total Liab	0.98	0.99	0.22	0.81	-0.77	1.0		0.19	0.89	0.33	0.76	0.76	0.87	0.76	-0.01	-0.01	0.95	0.87	0.82	0.49	0.49	0.36	0.91	0.42	0.69	0.86
Other Current Liab	0.35	0.08	0.92	-0.05	0.11	0.15	0.19		0.35	0.82	0.22	0.39	0.16	0.43	0.14	0.17	0.12	0.14	0.52	0.53	0.58	0.36	0.21	-0.01	0.37	0.2
Total Current Liabilities	0.9	0.86	0.36	0.85	-0.61	0.85	0.89	0.35		0.43	0.94	0.76	0.63	0.89	0.01	0.17	0.72	0.62	0.66	0.64	0.71	0.56	0.7	0.42	0.72	0.97
Other Liab	0.47	0.23	0.87	0.26	-0.05	0.31	0.33	0.82	0.43		0.36	0.46	0.15	0.68	0.45	0.09	0.24	0.13	0.54	0.86	0.72	0.4	0.22	0.03	0.75	0.34
Property Plant And Equipment Net	0.75	0.74	0.27	0.89	-0.54	0.71	0.76	0.22	0.94	0.36		0.69	0.41	0.9	0.05	0.18	0.53	0.4	0.4	0.67	0.72	0.62	0.48	0.41	0.71	0.98
Accounts Payable	0.78	0.7	0.38	0.67	-0.64	0.74	0.76	0.39	0.76	0.46	0.69		0.54	0.74	0.16	0.4	0.66	0.54	0.64	0.57	0.73	0.73	0.64	0.12	0.67	0.73
Cash	0.86	0.87	0.19	0.44	-0.65	0.89	0.87	0.16	0.63	0.15	0.41	0.54		0.39	-0.21	-0.24	0.95	1.0	0.87	0.12	0.12	0.05	0.99	0.42	0.34	0.55
Non Current Assets Total	0.8	0.71	0.5	0.84	-0.46	0.72	0.76	0.43	0.89	0.68	0.9	0.74	0.39		0.25	0.18	0.57	0.38	0.56	0.89	0.81	0.6	0.49	0.27	0.93	0.89
Non Currrent Assets Other	0.02	-0.06	0.17	0.14	-0.12	-0.02	-0.01	0.14	0.01	0.45	0.05	0.16	-0.21	0.25		-0.09	-0.06	-0.21	0.04	0.41	0.31	0.28	-0.15	-0.19	0.38	0.02
Other Assets	-0.02	-0.04	-0.02	0.21	0.01	-0.04	-0.01	0.17	0.17	0.09	0.18	0.4	-0.24	0.18	-0.09		-0.12	-0.22	-0.05	0.19	0.45	0.27	-0.15	-0.02	0.13	0.13
Long Term Debt	0.93	0.96	0.15	0.65	-0.77	0.97	0.95	0.12	0.72	0.24	0.53	0.66	0.95	0.57	-0.06	-0.12		0.95	0.87	0.31	0.28	0.18	0.97	0.37	0.55	0.67
Cash And Short Term Investments	0.86	0.88	0.16	0.44	-0.67	0.89	0.87	0.14	0.62	0.13	0.4	0.54	1.0	0.38	-0.21	-0.22	0.95		0.87	0.11	0.11	0.04	0.99	0.43	0.33	0.54
Net Receivables	0.88	0.78	0.51	0.41	-0.55	0.83	0.82	0.52	0.66	0.54	0.4	0.64	0.87	0.56	0.04	-0.05	0.87	0.87		0.39	0.39	0.16	0.9	0.36	0.55	0.52
Good Will	0.56	0.42	0.63	0.63	-0.2	0.45	0.49	0.53	0.64	0.86	0.67	0.57	0.12	0.89	0.41	0.19	0.31	0.11	0.39		0.85	0.55	0.22	0.12	0.93	0.63
Inventory	0.55	0.41	0.58	0.63	-0.37	0.44	0.49	0.58	0.71	0.72	0.72	0.73	0.12	0.81	0.31	0.45	0.28	0.11	0.39	0.85		0.78	0.24	0.13	0.73	0.68
Other Current Assets	0.39	0.3	0.35	0.5	-0.43	0.32	0.36	0.36	0.56	0.4	0.62	0.73	0.05	0.6	0.28	0.27	0.18	0.04	0.16	0.55	0.78		0.16	-0.22	0.48	0.58
Total Current Assets	0.91	0.91	0.23	0.52	-0.7	0.93	0.91	0.21	0.7	0.22	0.48	0.64	0.99	0.49	-0.15	-0.15	0.97	0.99	0.9	0.22	0.24	0.16		0.42	0.43	0.62
Short Term Debt	0.41	0.44	0.13	0.31	-0.26	0.41	0.42	-0.01	0.42	0.03	0.41	0.12	0.42	0.27	-0.19	-0.02	0.37	0.43	0.36	0.12	0.13	-0.22	0.42		0.17	0.42
Intangible Assets	0.73	0.63	0.48	0.76	-0.37	0.66	0.69	0.37	0.72	0.75	0.71	0.67	0.34	0.93	0.38	0.13	0.55	0.33	0.55	0.93	0.73	0.48	0.43	0.17		0.71
Property Plant Equipment	0.84	0.84	0.25	0.91	-0.63	0.82	0.86	0.2	0.97	0.34	0.98	0.73	0.55	0.89	0.02	0.13	0.67	0.54	0.52	0.63	0.68	0.58	0.62	0.42	0.71

Click cells to compare fundamentals

Tapestry Account Relationship Matchups

Tapestry fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.9B	8.4B	7.3B	7.1B	13.4B	14.1B
Short Long Term Debt Total	4.5B	3.4B	3.3B	3.3B	8.8B	9.2B
Total Stockholder Equity	2.3B	3.3B	2.3B	2.3B	2.9B	1.9B
Net Debt	3.1B	1.4B	2.5B	2.6B	2.6B	2.8B
Common Stock Shares Outstanding	278.6M	283M	270.1M	241.3M	233.2M	247.2M
Liabilities And Stockholders Equity	7.9B	8.4B	7.3B	7.1B	13.4B	14.1B
Non Current Liabilities Total	3.9B	3.7B	3.5B	3.6B	8.8B	9.2B
Total Liab	5.6B	5.1B	5.0B	4.8B	10.5B	11.0B
Other Current Liab	482.9M	576.8M	591.3M	462.3M	606.6M	450.8M
Total Current Liabilities	1.7B	1.4B	1.5B	1.3B	1.7B	1.8B
Other Liab	513.6M	577.3M	569.5M	581.8M	669.1M	377.6M
Property Plant And Equipment Net	2.5B	2.2B	1.8B	1.9B	1.8B	1.9B
Accounts Payable	130.8M	445.2M	520.7M	416.9M	452.2M	474.8M
Cash	1.4B	2.0B	789.8M	726.1M	6.1B	6.4B
Non Current Assets Total	5.4B	5.0B	4.7B	4.8B	4.6B	4.8B
Non Currrent Assets Other	102.4M	161.7M	209.4M	2.8B	139.8M	132.8M
Other Assets	158.3M	161.7M	2.9B	222.5M	1.0	0.95
Long Term Debt	1.6B	1.6B	1.7B	1.6B	6.9B	7.3B
Cash And Short Term Investments	1.4B	2.0B	953.2M	741.5M	7.2B	7.6B
Net Receivables	193.3M	200.2M	252.3M	211.5M	464.4M	487.6M
Good Will	1.3B	1.3B	1.2B	1.2B	1.2B	626.8M
Inventory	736.9M	734.8M	994.2M	919.5M	824.8M	503.7M
Other Current Assets	188.5M	424.5M	374.1M	491M	310.7M	222.0M
Total Current Assets	2.6B	3.4B	2.6B	2.4B	8.8B	9.2B
Accumulated Other Comprehensive Income	(92.2M)	(72M)	(170.9M)	(189.9M)	(145.9M)	(138.6M)
Short Term Debt	1.1B	288M	321M	322.5M	603.1M	633.3M
Intangible Assets	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B
Property Plant Equipment	2.5B	2.2B	1.8B	1.9B	2.2B	2.3B
Retained Earnings	(992.7M)	(158.5M)	(1.2B)	(1.2B)	(722.2M)	(686.1M)
Other Stockholder Equity	3.4B	3.5B	3.6B	3.7B	3.8B	2.3B
Property Plant And Equipment Gross	2.5B	2.2B	1.8B	1.9B	3.1B	3.2B
Current Deferred Revenue	28.1M	32.4M	41.5M	43.5M	1.2M	1.1M
Net Tangible Assets	(404.1M)	588.6M	2.3B	917.7M	825.9M	1.0B
Retained Earnings Total Equity	(992.7M)	(158.5M)	(1.2B)	(1.2B)	(1.1B)	(1.0B)
Long Term Debt Total	1.6B	1.6B	1.7B	1.6B	1.9B	1.1B
Capital Surpluse	3.4B	3.5B	3.6B	3.7B	4.2B	3.2B
Deferred Long Term Liab	155.1M	203.9M	221.7M	240M	276M	289.8M

Pair Trading with Tapestry

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tapestry position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tapestry will appreciate offsetting losses from the drop in the long position's value.

Moving together with Tapestry Stock

0.84	AS	Amer Sports,	Pair Corr
0.82	RL	Ralph Lauren Corp	Pair Corr
0.66	UA	Under Armour C	Pair Corr
0.67	DOGZ	Dogness International Downward Rally	Pair Corr

Moving against Tapestry Stock

0.9	WLDS	Wearable Devices Buyout Trend	Pair Corr
0.85	CRI	Carters	Pair Corr
0.83	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.81	FEBO	Fenbo Holdings	Pair Corr
0.8	DHI	DR Horton	Pair Corr

The ability to find closely correlated positions to Tapestry could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tapestry when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tapestry - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tapestry to buy it.

The correlation of Tapestry is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tapestry moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tapestry moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Tapestry can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Tapestry Stock Analysis

When running Tapestry's price analysis, check to measure Tapestry's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tapestry is operating at the current time. Most of Tapestry's value examination focuses on studying past and present price action to predict the probability of Tapestry's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tapestry's price. Additionally, you may evaluate how the addition of Tapestry to your portfolios can decrease your overall portfolio volatility.

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