Levi Strauss Debt Downgraded, Outlook Negative
With $1.08 billion in total debt, but total cash of $1.01 billion -- and net profits of $395 million last year, according to data from S&P Global Market Intelligence, you might think that jeans maker Levi Strauss & Co. (NYSE: LEVI) was a company in the pink of financial health.
Not so fast, says credit analyst Fitch Ratings.
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Source Fool.com
