Gildan Activewear Balance Sheet Health
Financial Health criteria checks 4/6
Gildan Activewear has a total shareholder equity of $1.4B and total debt of $1.8B, which brings its debt-to-equity ratio to 129.3%. Its total assets and total liabilities are $3.9B and $2.5B respectively. Gildan Activewear's EBIT is $697.4M making its interest coverage ratio 7.4. It has cash and short-term investments of $133.8M.
Key information
129.26%
Debt to equity ratio
US$1.82b
Debt
| Interest coverage ratio | 7.4x |
| Cash | US$133.78m |
| Equity | US$1.41b |
| Total liabilities | US$2.51b |
| Total assets | US$3.92b |
Recent financial health updates
Does Gildan Activewear (TSE:GIL) Have A Healthy Balance Sheet?
Jan 30
Is Gildan Activewear (TSE:GIL) Using Too Much Debt?
Oct 23Recent updates
Market Cool On Gildan Activewear Inc.'s (TSE:GIL) Earnings
Apr 27Returns on Capital Paint A Bright Future For Gildan Activewear (TSE:GIL)
Apr 15Is There An Opportunity With Gildan Activewear Inc.'s (TSE:GIL) 22% Undervaluation?
Apr 03Gildan Activewear Inc. (TSE:GIL) Full-Year Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Feb 21
Modernization In The US And Bangladesh Will Strengthen Competitive Advantage
Modernizing operations and expanding in Bangladesh boost competitiveness and support long-term ring-spun product growth.Does Gildan Activewear (TSE:GIL) Have A Healthy Balance Sheet?
Jan 30Investors Appear Satisfied With Gildan Activewear Inc.'s (TSE:GIL) Prospects
Jan 18At CA$67.76, Is Gildan Activewear Inc. (TSE:GIL) Worth Looking At Closely?
Jan 06Gildan Activewear (TSE:GIL) Is Very Good At Capital Allocation
Dec 23An Intrinsic Calculation For Gildan Activewear Inc. (TSE:GIL) Suggests It's 25% Undervalued
Dec 11Is 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 27Financial Position Analysis
Short Term Liabilities: GIL's short term assets ($2.1B) exceed its short term liabilities ($529.9M).
Long Term Liabilities: GIL's short term assets ($2.1B) exceed its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: GIL's net debt to equity ratio (119.7%) is considered high.
Reducing Debt: GIL's debt to equity ratio has increased from 97.2% to 129.3% over the past 5 years.
Debt Coverage: GIL's debt is well covered by operating cash flow (21.3%).
Interest Coverage: GIL's interest payments on its debt are well covered by EBIT (7.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/06/15 00:50 |
| End of Day Share Price | 2025/06/13 00:00 |
| Earnings | 2025/03/30 |
| Annual Earnings | 2024/12/29 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Gildan Activewear Inc. is covered by 37 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Harriet Li | Accountability Research Corporation |
| Ishan Majumdar | Baptista Research |
| Paul Kearney | Barclays |