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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VGA's short term assets ($1.7B) exceed its short term liabilities ($724.1M).
Long Term Liabilities: VGA's short term assets ($1.7B) exceed its long term liabilities ($833.3M).
Debt to Equity History and Analysis
Debt Level: VGA's net debt to equity ratio (44.1%) is considered high.
Reducing Debt: VGA's debt to equity ratio has increased from 36.5% to 51% over the past 5 years.
Debt Coverage: VGA's debt is well covered by operating cash flow (54.8%).
Interest Coverage: VGA's interest payments on its debt are well covered by EBIT (9.6x coverage).