Gildan Activewear Balance Sheet Health
Financial Health criteria checks 4/6
Gildan Activewear has a total shareholder equity of $2.0B and total debt of $997.5M, which brings its debt-to-equity ratio to 51%. Its total assets and total liabilities are $3.5B and $1.6B respectively. Gildan Activewear's EBIT is $549.7M making its interest coverage ratio 9.6. It has cash and short-term investments of $134.8M.
Key information
51.0%
Debt to equity ratio
US$997.50m
Debt
Interest coverage ratio | 9.6x |
Cash | US$134.78m |
Equity | US$1.96b |
Total liabilities | US$1.56b |
Total assets | US$3.51b |
Recent financial health updates
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 07Does Gildan Activewear (TSE:GIL) Have A Healthy Balance Sheet?
Jan 09Recent updates
Gildan 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 07We Like Gildan Activewear's (TSE:GIL) Returns And Here's How They're Trending
Apr 04At CA$43.36, Is It Time To Put Gildan Activewear Inc. (TSE:GIL) On Your Watch List?
Mar 01Is Gildan Activewear Inc. (TSE:GIL) Trading At A 27% Discount?
Feb 16Here's Why Gildan Activewear (TSE:GIL) Has Caught The Eye Of Investors
Feb 05Does Gildan Activewear (TSE:GIL) Have A Healthy Balance Sheet?
Jan 09Under The Bonnet, Gildan Activewear's (TSE:GIL) Returns Look Impressive
Dec 14Financial Position Analysis
Short Term Liabilities: GIL's short term assets ($1.7B) exceed its short term liabilities ($724.1M).
Long Term Liabilities: GIL's short term assets ($1.7B) exceed its long term liabilities ($833.3M).
Debt to Equity History and Analysis
Debt Level: GIL's net debt to equity ratio (44.1%) is considered high.
Reducing Debt: GIL's debt to equity ratio has increased from 36.5% to 51% over the past 5 years.
Debt Coverage: GIL's debt is well covered by operating cash flow (54.8%).
Interest Coverage: GIL's interest payments on its debt are well covered by EBIT (9.6x coverage).