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 ratio | 8.9x |
| Cash | US$121.34m |
| Equity | US$1.57b |
| Total liabilities | US$2.17b |
| Total assets | US$3.74b |
Recent financial health updates
No updates
Recent updates
Gildan Has Returned To Historical Valuations Post Q3, And Remains Fairly Priced
Nov 01Gildan Activewear: Good Quarterly Results And Favorable Mid-Term Prospects
Aug 02Gildan Is Too Uncertain Before The Shareholder Meeting On May 28th
May 20Gildan Activewear Will Likely Offer Better Prices In The Future
Mar 26Gildan Activewear Q4: Long-Term Growth Potential
Feb 27Gildan Activewear: A Hidden Gem In The Apparel Landscape
Jan 22Gildan Activewear: It's All About Margins
Nov 19Gildan Activewear: Vertical Integration Provides Sustainable Opportunity
Sep 08Gildan Activewear: A Journey Of Market Dominance
Jul 13Gildan Activewear: Staying Bullish Considering Key Investment Merits
Jun 27Financial 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).