Michael Kors Balance Sheet - Annual (NYSE:KORS)

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$67.52 $1.67 (2.54%) KORS stock closing price Jun 15, 2018 (Closing)

A balance sheet is one of the three key financial statements released by a publicly listed company like Michael Kors, and helps in stock analysis. Financial strength can be guaged by performing Michael Kors stock analysis and by analyzing the balance sheet. A company releases its balance sheet every year along with its annual results. Michael Kors had a long term debt of $- at the end of 2017. To understand the debt servicing capacity of the company, one needs to look at Michael Kors operating cash flow and Michael Kors revenue also. Michael Kors debt to equity ratio is 0.43.

View latest 10 year balance sheet data to check Michael Kors financial performance.
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Quarterly
Annual
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Fiscal year is Apr - Mar201720162015201420132012201120102009
Cash227.7M702M978.92M955.14M472.51M106.35M21.06M5.66M-
Marketable Securities---------
Receivables265.8M307.9M363.41M314.05M206.45M127.22M80.08M65.22M-
Inventory549.3M546.8M519.9M426.93M266.89M187.41M117.17M64.9M-
Raw Materials---------
Work In Progress---------
Finished Goods---------
Notes Receivable---------
Other Current Assets121.9M113.1M155.18M81.03M43.33M43.07M27.07M25.68M-
Total Current Assets
1.16B1.67B2.02B1.78B989.18M464.06M245.39M154.02M-
Property Plant & Equipment1.43B1.25B900.68M585.05M407.45M288.24M197.01M140.3M-
Accumulated Depreciation833.9M490.9M337.75M234.38M165.34M117.48M77.69M56.3M-
Net Property Plant & Equipment
591.5M758.2M562.93M350.67M242.11M170.75M119.32M84M-
Investment & Advances---------
Other Non-Current Assets---------
Deferred Charges73.3M24.5M2.48M3.66M4.38M3.95M1.95M8.76M-
Intangibles537.8M90.6M75.54M62.03M34.98M28.15M29.8M32.71M-
Deposits & Other Assets42.3M23.7M33.49M23.42M18.88M7.5M3.02M2.35M-
Total Assets
2.41B2.57B2.69B2.22B1.29B674.42M399.49M281.85M-
Notes Payable133.1M--------
Accounts Payable176.3M131.4M142.81M131.95M82.97M67.32M52.87M30.18M-
Current Portion Long-Term Debt-----22.67M12.76M48.36M-
Current Portion Capital Leases---------
Accrued Expenses256.4M304.1M183.52M176.41M81.27M75M62.08M24.21M-
Income Taxes Payable--3.74M------
Other Current Liabilities---------
Total Current Liabilities
565.8M435.5M330.08M308.37M164.24M165M127.72M102.76M-
Mortgages---------
Deferred Taxes/Income80M3.5M10.49M5.88M13.16M6.3M5.49M--
Convertible Debt---------
Long-Term Debt-2.3M----101.65M103.5M-
Non-Current Capital Leases---------
Other Long-Term Liabilities168.8M126M110.35M96.58M64.9M46.88M39.3M26.58M-
Total Liabilities
814.6M567.3M450.92M410.84M242.31M218.18M274.17M232.84M-
Minority Interest---------
Preferred Stock---------
Common Stock Net---------
Capital Surplus767.8M718.9M636.73M527.21M424.45M228.32M40M40M-
Retained Earnings3.56B3.01B2.17B1.29B626.25M228.65M81.28M8.78M-
Treasury Stock2.65B1.65B497.72M2.44M-----
Other Liabilities-78.2M-77.1M-66.8M-6.37M-3.46M-0.73M4.03M--
Shareholders Equity1.6B2B2.24B1.81B1.05B456.23M125.32M49.01M-
Total Liabilities & Shareholders Equity2.41B2.57B2.69B2.22B1.29B674.42M399.49M281.85M-
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the Michael Kors stock price, and Michael Kors historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Michael Kors PE ratio chart. Below is a brief explanation of common balance sheet terms:

  • Assets: An asset is a resource that a corporation like Michael Kors owns and has monetary significance. KORS assets decreased from $2.57B in 2016 to $2.41B in 2017. Assets can be of two types: fixed assets like real estate, plant and machinery; and current assets which includes cash, accounts receivable etc. Tech stocks typically don't have too many assets.
  • Liabilities: This item on the balance sheet implies the firm's, in this case Michael Kors's, legal obligations including loans, accounts payable, deferred revenue, accrued expenses and mortgages. The total liabilities for KORS stock stand at $814.6M.

Michael Kors Balance Sheet - Key Ratios

Current ratio
1.31
Debt to equity ratio
0.43
Asset turnover ratio
1.14
Receivables turnover
18.29
Price to book ratio
5.61