Lululemon Athletica

Balance sheet quality is excellent: no borrowings outstanding under the 400 million USD unsecured revolver, significant cash, and strong lease‑adjusted coverage. Cash from operations in FY2024 was 2.27 billion USD against 689 million USD of capex.

Trailing twelve‑month cash generation has moderated due to working capital and tariff effects, but liquidity and flexibility remain ample.