Gildan Activewear (Gildan Activewear) Interest Expense : $-57 Mil (TTM As of Dec. 2023)

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What is Gildan Activewear Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gildan Activewear's interest expense for the three months ended in Dec. 2023 was $ -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-57 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Gildan Activewear's Operating Income for the three months ended in Dec. 2023 was $ 148 Mil. Gildan Activewear's Interest Expense for the three months ended in Dec. 2023 was $ -14 Mil. Gildan Activewear's Interest Coverage for the quarter that ended in Dec. 2023 was 10.24. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Gildan Activewear Interest Expense Historical Data

The historical data trend for Gildan Activewear's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Gildan Activewear Interest Expense Chart

Gildan Activewear Annual Data

Trend

Sep14

Sep15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-32.09

-33.67

-17.73

-28.76

-57.20

Gildan Activewear Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-10.46	-12.16	-15.61	-14.95	-14.49

Gildan Activewear Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-57 Mil.

Gildan Activewear (NYSE:GIL) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Gildan Activewear's Interest Expense for the three months ended in Dec. 2023 was $-14 Mil. Its Operating Income for the three months ended in Dec. 2023 was $148 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $769 Mil.

Gildan Activewear's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	148.289	/	-14.485
	=	10.24

The higher the ratio, the stronger the company's financial strength is.

Gildan Activewear (Gildan Activewear) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gildan Activewear Inc (NYSE:GIL) » Definitions » Interest Expense

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Traded in Other Exchanges

VGA:Germany GIL:Canada

Address

600 de Maisonneuve Boulevard West, 33rd Floor, Suite 330, Montreal, QC, CAN, H3A 3J2

Website

http://www.gildan.com

Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts, sweatshirts, and other apparel to wholesalers, major clothing brands, and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels. Brands include Gildan, American Apparel, Comfort Colors, and Gold Toe. Gildan produces most of its clothing at factories in Latin America and recently began operating a new plant in Bangladesh. Incorporated in 1984, the Montreal-based company operates internationally but generates nearly 90% of its sales in the U.S.