Gildan Activewear Balance Sheet Health
Financial Health criteria checks 4/6
Gildan Activewear has a total shareholder equity of $1.6B and total debt of $1.5B, which brings its debt-to-equity ratio to 95.3%. Its total assets and total liabilities are $3.7B and $2.2B respectively. Gildan Activewear's EBIT is $671.9M making its interest coverage ratio 8.9. It has cash and short-term investments of $121.3M.
Key information
95.3%
Debt to equity ratio
US$1.49b
Debt
| Interest coverage ratio | 8.9x |
| Cash | US$121.34m |
| Equity | US$1.57b |
| Total liabilities | US$2.17b |
| Total assets | US$3.74b |
Recent financial health updates
Is Gildan Activewear (TSE:GIL) Using Too Much Debt?
Oct 23
These 4 Measures Indicate That Gildan Activewear (TSE:GIL) Is Using Debt Reasonably Well
May 05Here's Why Gildan Activewear (TSE:GIL) Can Manage Its Debt Responsibly
Nov 28Recent updates
Is Gildan Activewear (TSE:GIL) Using Too Much Debt?
Oct 23Investors Interested In Gildan Activewear Inc.'s (TSE:GIL) Earnings
Oct 09Returns Are Gaining Momentum At Gildan Activewear (TSE:GIL)
Sep 22Should You Investigate Gildan Activewear Inc. (TSE:GIL) At CA$59.70?
Sep 08Is Gildan Activewear Inc. (TSE:GIL) Trading At A 41% Discount?
Aug 27Is Now The Time To Look At Buying Gildan Activewear Inc. (TSE:GIL)?
Jun 04Do Gildan Activewear's (TSE:GIL) Earnings Warrant Your Attention?
May 22These 4 Measures Indicate That Gildan Activewear (TSE:GIL) Is Using Debt Reasonably Well
May 05Gildan Activewear Inc.'s (TSE:GIL) Intrinsic Value Is Potentially 46% Above Its Share Price
Apr 23Why Investors Shouldn't Be Surprised By Gildan Activewear Inc.'s (TSE:GIL) Low P/E
Mar 12We Like These Underlying Return On Capital Trends At Gildan Activewear (TSE:GIL)
Feb 15Is There Now An Opportunity In Gildan Activewear Inc. (TSE:GIL)?
Jan 31Gildan Activewear Inc.'s (TSE:GIL) Intrinsic Value Is Potentially 63% Above Its Share Price
Dec 11Here's Why Gildan Activewear (TSE:GIL) Can Manage Its Debt Responsibly
Nov 28Gildan Activewear (TSE:GIL) Is Looking To Continue Growing Its Returns On Capital
Nov 13Financial Position Analysis
Short Term Liabilities: GIL's short term assets ($1.9B) exceed its short term liabilities ($823.9M).
Long Term Liabilities: GIL's short term assets ($1.9B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: GIL's net debt to equity ratio (87.5%) is considered high.
Reducing Debt: GIL's debt to equity ratio has increased from 49.3% to 95.3% over the past 5 years.
Debt Coverage: GIL's debt is well covered by operating cash flow (35.5%).
Interest Coverage: GIL's interest payments on its debt are well covered by EBIT (8.9x coverage).