G-III Apparel Group Balance Sheet Health
Financial Health criteria checks 6/6
G-III Apparel Group has a total shareholder equity of $1.5B and total debt of $417.8M, which brings its debt-to-equity ratio to 27%. Its total assets and total liabilities are $2.7B and $1.1B respectively. G-III Apparel Group's EBIT is $290.1M making its interest coverage ratio 7.3. It has cash and short-term investments of $507.8M.
Key information
27.0%
Debt to equity ratio
US$417.83m
Debt
| Interest coverage ratio | 7.3x |
| Cash | US$507.83m |
| Equity | US$1.55b |
| Total liabilities | US$1.13b |
| Total assets | US$2.68b |
Recent financial health updates
Here's Why G-III Apparel Group (NASDAQ:GIII) Has A Meaningful Debt Burden
Nov 03
Is G-III Apparel Group (NASDAQ:GIII) Using Too Much Debt?
May 12Here's Why G-III Apparel Group (NASDAQ:GIII) Has A Meaningful Debt Burden
Dec 02Is G-III Apparel Group (NASDAQ:GIII) A Risky Investment?
Aug 28G-III Apparel Group (NASDAQ:GIII) Has A Pretty Healthy Balance Sheet
Apr 14We Think G-III Apparel Group (NASDAQ:GIII) Can Manage Its Debt With Ease
Jan 11Recent updates
We Like The Quality Of G-III Apparel Group's (NASDAQ:GIII) Earnings
Apr 01G-III Apparel Is A Buy At These Prices
Mar 14Returns Are Gaining Momentum At G-III Apparel Group (NASDAQ:GIII)
Feb 11G-III Apparel: Looking For Better Cash Flows
Jan 25Some Confidence Is Lacking In G-III Apparel Group, Ltd.'s (NASDAQ:GIII) P/S
Jan 19Here's Why G-III Apparel Group (NASDAQ:GIII) Has A Meaningful Debt Burden
Nov 03A Look At The Fair Value Of G-III Apparel Group, Ltd. (NASDAQ:GIII)
Oct 06Here's What's Concerning About G-III Apparel Group's (NASDAQ:GIII) Returns On Capital
Sep 13Estimating The Fair Value Of G-III Apparel Group, Ltd. (NASDAQ:GIII)
Jun 08Is G-III Apparel Group (NASDAQ:GIII) Using Too Much Debt?
May 12Returns Are Gaining Momentum At G-III Apparel Group (NASDAQ:GIII)
Jan 11Here's Why G-III Apparel Group (NASDAQ:GIII) Has A Meaningful Debt Burden
Dec 02G-III Apparel Group (NASDAQ:GIII) Might Have The Makings Of A Multi-Bagger
Sep 19G-III Apparel Q2 2023 Earnings Preview
Sep 06Is G-III Apparel Group (NASDAQ:GIII) A Risky Investment?
Aug 28Here's Why We Think G-III Apparel Group (NASDAQ:GIII) Is Well Worth Watching
Aug 09G-III Apparel Group: Why I'm Optimistic On A Rebound
Jun 23The Return Trends At G-III Apparel Group (NASDAQ:GIII) Look Promising
May 28G-III Apparel Group (NASDAQ:GIII) Has A Pretty Healthy Balance Sheet
Apr 14G-III Apparel Group: This Prospect Offers Nice Upside
Apr 07Investors Met With Slowing Returns on Capital At G-III Apparel Group (NASDAQ:GIII)
Feb 25We Think G-III Apparel Group (NASDAQ:GIII) Can Manage Its Debt With Ease
Jan 11G-III Apparel Group: It's A Good Time To Start Averaging Down
Dec 31G-III Apparel Group (NASDAQ:GIII) Might Be Having Difficulty Using Its Capital Effectively
Nov 27We Think G-III Apparel Group (NASDAQ:GIII) Can Manage Its Debt With Ease
Sep 17G-III Apparel Group (NASDAQ:GIII) May Have Issues Allocating Its Capital
Aug 12An Intrinsic Calculation For G-III Apparel Group, Ltd. (NASDAQ:GIII) Suggests It's 50% Undervalued
Jul 09Financial Position Analysis
Short Term Liabilities: GIII's short term assets ($1.7B) exceed its short term liabilities ($493.6M).
Long Term Liabilities: GIII's short term assets ($1.7B) exceed its long term liabilities ($639.6M).
Debt to Equity History and Analysis
Debt Level: GIII has more cash than its total debt.
Reducing Debt: GIII's debt to equity ratio has reduced from 32.5% to 27% over the past 5 years.
Debt Coverage: GIII's debt is well covered by operating cash flow (140.6%).
Interest Coverage: GIII's interest payments on its debt are well covered by EBIT (7.3x coverage).