Gildan Activewear (Gildan Activewear) Debt-to-Equity : 0.55 (As of Dec. 2023)

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What is Gildan Activewear Debt-to-Equity?

Gildan Activewear's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $314 Mil. Gildan Activewear's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $769 Mil. Gildan Activewear's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,957 Mil. Gildan Activewear's debt to equity for the quarter that ended in Dec. 2023 was 0.55.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Gildan Activewear's Debt-to-Equity or its related term are showing as below:

GIL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.36 Max: 0.69
Current: 0.55

During the past 13 years, the highest Debt-to-Equity Ratio of Gildan Activewear was 0.69. The lowest was 0.08. And the median was 0.36.

GIL's Debt-to-Equity is ranked worse than
55.45% of 936 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs GIL: 0.55

Gildan Activewear Debt-to-Equity Historical Data

The historical data trend for Gildan Activewear's Debt-to-Equity 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.

* Premium members only.

Gildan Activewear Debt-to-Equity Chart

Gildan Activewear Annual Data

Trend

Sep14

Sep15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.51

0.69

0.37

0.54

0.55

Gildan Activewear Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.54	0.65	0.63	0.56	0.55

Competitive Comparison of Gildan Activewear's Debt-to-Equity

For the Apparel Manufacturing subindustry, Gildan Activewear's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Gildan Activewear's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Gildan Activewear's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Gildan Activewear's Debt-to-Equity falls into.

Gildan Activewear Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gildan Activewear's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(314.161	+	768.9)	/	1957.457
	=	0.55

Gildan Activewear's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(314.161	+	768.9)	/	1957.457
	=	0.55

Gildan Activewear (NYSE:GIL) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Gildan Activewear Debt-to-Equity Related Terms

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Gildan Activewear (Gildan Activewear) Business Description

Industry

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

Comparable Companies

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.