VF Corp. (NYSE: VFC) recently reported financial results for its fiscal 2023 (ended March 31), and the numbers were better than what analysts were looking for. Shares of VF Corp. are down 31% in 2023 and 60% over the past 12 months. In this type of economic environment, one where interest rates are higher than they were just a couple of years ago and the possibility of a recession is on everyone's minds, it's worrying to see VF's balance sheet.