RCMECredit materiality pre-analysisIncludes illustrative values
Analytical aid.Not a rating or rating recommendation. Public data only.
V.F. Corp
CIK
0000103379
SIC
2320
Event
8-K Item 1.05 · cyber incident
Identified
2023-12-13
Filed
2023-12-18
Overall
Moderate to Elevated
Audit trailOpen memo

With and without the event

V.F. Corp: outage scenarios

The filing does not state a duration, so the engine runs three outage lengths and reports a range, never a point.

Shock, computed in code

lost EBITDA = EBITDA × affected share × disruption fraction × days / 365
Affected share
1.0 Estimate upper bound: segment count not reported in XBRL; an analyst share replaces it
Disruption fraction
0.5 internal calibration partial disruption
Outage days
Low 7 · Base 21 · High 42 scenario, internal calibration

Scenarios side by side

lost EBITDA = EBITDA × affected share × disruption fraction × days / 365
MeasurePre-eventLow · 7 daysBase · 21 daysHigh · 42 days
Lost EBITDA (USD m)n/a6Derived17Derived34Derived
FFO to debt(10.3%)Verified(10.4%)Verified(10.6%)Verified(10.8%)Verified
Debt to EBITDA11.24xVerified11.35xVerified11.57xVerified11.92xVerified
Ratio band movedn/aNoNoNo
Business risk tiern/aModerateElevatedElevated
Overall tiern/aHighHighHigh

Quantification pass

When the next 10-Q or guidance states the cost, lost revenue and any insurance recovery, those figures replace the scenarios and the issuer is re-scored as a new row on the audit trail. The first score is never edited.