Gildan Activewear Balance Sheet Health
Financial Health criteria checks 4/6
Gildan Activewear has a total shareholder equity of $1.9B and total debt of $1.2B, which brings its debt-to-equity ratio to 59.9%. Its total assets and total liabilities are $3.7B and $1.8B respectively. Gildan Activewear's EBIT is $553.0M making its interest coverage ratio 8.9. It has cash and short-term investments of $140.3M.
Key information
59.9%
Debt to equity ratio
US$1.15b
Debt
| Interest coverage ratio | 8.9x |
| Cash | US$140.33m |
| Equity | US$1.93b |
| Total liabilities | US$1.76b |
| Total assets | US$3.69b |
Recent financial health updates
These 4 Measures Indicate That Gildan Activewear (TSE:GIL) Is Using Debt Reasonably Well
May 05
Here's Why Gildan Activewear (TSE:GIL) Can Manage Its Debt Responsibly
Nov 28We Think Gildan Activewear (TSE:GIL) Can Stay On Top Of Its Debt
Aug 16Is Gildan Activewear (TSE:GIL) A Risky Investment?
May 07Recent updates
Is 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 13What Is Gildan Activewear Inc.'s (TSE:GIL) Share Price Doing?
Sep 19Gildan Activewear Inc.'s (TSE:GIL) Intrinsic Value Is Potentially 80% Above Its Share Price
Sep 03We Think Gildan Activewear (TSE:GIL) Can Stay On Top Of Its Debt
Aug 16Returns At Gildan Activewear (TSE:GIL) Are On The Way Up
Jul 16At CA$40.73, Is It Time To Put Gildan Activewear Inc. (TSE:GIL) On Your Watch List?
Jun 18Is Gildan Activewear Inc. (TSE:GIL) Trading At A 35% Discount?
Jun 04Is Gildan Activewear (TSE:GIL) A Risky Investment?
May 07Financial Position Analysis
Short Term Liabilities: GIL's short term assets ($1.9B) exceed its short term liabilities ($776.3M).
Long Term Liabilities: GIL's short term assets ($1.9B) exceed its long term liabilities ($981.4M).
Debt to Equity History and Analysis
Debt Level: GIL's net debt to equity ratio (52.6%) is considered high.
Reducing Debt: GIL's debt to equity ratio has increased from 48.8% to 59.9% over the past 5 years.
Debt Coverage: GIL's debt is well covered by operating cash flow (60.5%).
Interest Coverage: GIL's interest payments on its debt are well covered by EBIT (8.9x coverage).