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 $426.4M, which brings its debt-to-equity ratio to 28.1%. Its total assets and total liabilities are $2.6B and $1.0B respectively. G-III Apparel Group's EBIT is $288.3M making its interest coverage ratio 8.8. It has cash and short-term investments of $508.4M.
Key information
28.1%
Debt to equity ratio
US$426.35m
Debt
Interest coverage ratio | 8.8x |
Cash | US$508.43m |
Equity | US$1.52b |
Total liabilities | US$1.05b |
Total assets | US$2.57b |
Recent financial health updates
Here's Why G-III Apparel Group (NASDAQ:GIII) Has A Meaningful Debt Burden
Nov 03Is 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
What You Can Learn From G-III Apparel Group, Ltd.'s (NASDAQ:GIII) P/S
Jun 20G-III Apparel: Eyes On Revenue Miss And European Market Growth
Jun 07Return Trends At G-III Apparel Group (NASDAQ:GIII) Aren't Appealing
May 27We 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 17Financial Position Analysis
Short Term Liabilities: GIII's short term assets ($1.5B) exceed its short term liabilities ($408.1M).
Long Term Liabilities: GIII's short term assets ($1.5B) exceed its long term liabilities ($640.0M).
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 34.6% to 28.1% over the past 5 years.
Debt Coverage: GIII's debt is well covered by operating cash flow (101.1%).
Interest Coverage: GIII's interest payments on its debt are well covered by EBIT (8.8x coverage).