Gildan Activewear Inc.

TSX:GIL Stock Report

Market Cap: CA$10.4b

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 ratio8.9x
CashUS$121.34m
EquityUS$1.57b
Total liabilitiesUS$2.17b
Total assetsUS$3.74b

Recent financial health updates

Is Gildan Activewear (TSE:GIL) Using Too Much Debt?

Oct 23
Is Gildan Activewear (TSE:GIL) Using Too Much Debt?

These 4 Measures Indicate That Gildan Activewear (TSE:GIL) Is Using Debt Reasonably Well

May 05
These 4 Measures Indicate That Gildan Activewear (TSE:GIL) Is Using Debt Reasonably Well

Recent updates

An Intrinsic Calculation For Gildan Activewear Inc. (TSE:GIL) Suggests It's 25% Undervalued

Dec 11
An Intrinsic Calculation For Gildan Activewear Inc. (TSE:GIL) Suggests It's 25% Undervalued

Is Gildan Activewear (TSE:GIL) Using Too Much Debt?

Oct 23
Is Gildan Activewear (TSE:GIL) Using Too Much Debt?

Investors Interested In Gildan Activewear Inc.'s (TSE:GIL) Earnings

Oct 09
Investors Interested In Gildan Activewear Inc.'s (TSE:GIL) Earnings

Returns Are Gaining Momentum At Gildan Activewear (TSE:GIL)

Sep 22
Returns Are Gaining Momentum At Gildan Activewear (TSE:GIL)

Should You Investigate Gildan Activewear Inc. (TSE:GIL) At CA$59.70?

Sep 08
Should You Investigate Gildan Activewear Inc. (TSE:GIL) At CA$59.70?

Is Gildan Activewear Inc. (TSE:GIL) Trading At A 41% Discount?

Aug 27
Is Gildan Activewear Inc. (TSE:GIL) Trading At A 41% Discount?

Is Now The Time To Look At Buying Gildan Activewear Inc. (TSE:GIL)?

Jun 04
Is Now The Time To Look At Buying Gildan Activewear Inc. (TSE:GIL)?

Do Gildan Activewear's (TSE:GIL) Earnings Warrant Your Attention?

May 22
Do Gildan Activewear's (TSE:GIL) Earnings Warrant Your Attention?

These 4 Measures Indicate That Gildan Activewear (TSE:GIL) Is Using Debt Reasonably Well

May 05
These 4 Measures Indicate That Gildan Activewear (TSE:GIL) Is Using Debt Reasonably Well

Gildan Activewear Inc.'s (TSE:GIL) Intrinsic Value Is Potentially 46% Above Its Share Price

Apr 23
Gildan Activewear Inc.'s (TSE:GIL) Intrinsic Value Is Potentially 46% Above Its Share Price

Why Investors Shouldn't Be Surprised By Gildan Activewear Inc.'s (TSE:GIL) Low P/E

Mar 12
Why Investors Shouldn't Be Surprised By Gildan Activewear Inc.'s (TSE:GIL) Low P/E

We Like These Underlying Return On Capital Trends At Gildan Activewear (TSE:GIL)

Feb 15
We Like These Underlying Return On Capital Trends At Gildan Activewear (TSE:GIL)

Is There Now An Opportunity In Gildan Activewear Inc. (TSE:GIL)?

Jan 31
Is There Now An Opportunity In Gildan Activewear Inc. (TSE:GIL)?

Financial 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).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 19:42
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/29
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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 .

Analyst Sources

Gildan Activewear Inc. is covered by 36 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harriet LiAccountability Research Corporation
Ishan MajumdarBaptista Research
Stephen MacLeodBMO Capital Markets Equity Research