Shares of PVH (NYSE: PVH) moved higher by 23.86% in the past three months. Before we understand the importance of debt, let us look at how much debt PVH has.
Based on PVH’s balance sheet as of September 10, 2020, long-term debt is at $3.50 billion and current debt is at $85.40 million, amounting to $3.58 billion in total debt. Adjusted for $1.39 billion in cash-equivalents, the company's net debt is at $2.19 billion.
Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the …