Gildan Activewear Balance Sheet Health
Financial Health criteria checks 4/6
Gildan Activewear has a total shareholder equity of $1.9B and total debt of $1.1B, which brings its debt-to-equity ratio to 59.1%. Its total assets and total liabilities are $3.7B and $1.8B respectively. Gildan Activewear's EBIT is $549.7M making its interest coverage ratio 8.7. It has cash and short-term investments of $91.2M.
Key information
59.1%
Debt to equity ratio
US$1.14b
Debt
| Interest coverage ratio | 8.7x |
| Cash | US$91.20m |
| Equity | US$1.93b |
| Total liabilities | US$1.76b |
| Total assets | US$3.69b |
Recent financial health updates
No updates
Recent updates
Gildan 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 27Gildan Activewear Q4 2022 Earnings Preview
Feb 21Wedgewood Partners - Gildan Activewear: Take Advantage Of The Sentiment
Feb 11Gildan Activewear: Financial Endurance Is Vital Amidst Market Volatility
Jan 28Gildan Activewear Non-GAAP EPS of $0.84 beats by $0.04, revenue of $850M beats by $13.53M
Nov 03Gildan Activewear: Multiple Positives
Sep 11Gildan Activewear Q2 2022 Earnings Preview
Aug 03Gildan Activewear: Sustainability Champion Trading At A ~9x P/E
Jun 26Financial Position Analysis
Short Term Liabilities: GIL's short term assets ($1.9B) exceed its short term liabilities ($776.3M).
Long Term Liabilities: GIL's short term assets ($1.9B) exceed its long term liabilities ($981.4M).
Debt to Equity History and Analysis
Debt Level: GIL's net debt to equity ratio (54.4%) is considered high.
Reducing Debt: GIL's debt to equity ratio has increased from 48.8% to 59.1% over the past 5 years.
Debt Coverage: GIL's debt is well covered by operating cash flow (61.3%).
Interest Coverage: GIL's interest payments on its debt are well covered by EBIT (8.7x coverage).