GIII (G-III Apparel Group) Cash-to-Debt : 0.20 (As of Oct. 2024)

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What is G-III Apparel Group Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. G-III Apparel Group's cash to debt ratio for the quarter that ended in Oct. 2024 was 0.20.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, G-III Apparel Group couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2024.

The historical rank and industry rank for G-III Apparel Group's Cash-to-Debt or its related term are showing as below:

GIII' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.3 Max: No Debt
Current: 0.2

During the past 13 years, G-III Apparel Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 0.30.

GIII's Cash-to-Debt is ranked worse than
67.88% of 1018 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.475 vs GIII: 0.20

G-III Apparel Group Cash-to-Debt Historical Data

The historical data trend for G-III Apparel Group's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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G-III Apparel Group Cash-to-Debt Chart

G-III Apparel Group Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

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0.28

0.49

0.66

0.22

0.78

G-III Apparel Group Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Cash-to-Debt	Get a 7-Day Free Trial															0.28	0.78	0.78	0.66	0.20

Competitive Comparison of G-III Apparel Group's Cash-to-Debt

For the Apparel Manufacturing subindustry, G-III Apparel Group's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

G-III Apparel Group's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, G-III Apparel Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where G-III Apparel Group's Cash-to-Debt falls into.

G-III Apparel Group Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

G-III Apparel Group's Cash to Debt Ratio for the fiscal year that ended in Jan. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	507.829	/	(71.613	+	581.054)
	=	0.78

G-III Apparel Group's Cash to Debt Ratio for the quarter that ended in Oct. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	104.686	/	(65.756	+	460.732)
	=	0.20

G-III Apparel Group (NAS:GIII) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

G-III Apparel Group Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of G-III Apparel Group's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

G-III Apparel Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » G-III Apparel Group Ltd (NAS:GIII) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GI4:Germany

Address

512 Seventh Avenue, New York, NY, USA, 10018

Website

https://www.g-iii.com

G-III Apparel Group Ltd is a textile company. It makes a wide range of apparel, footwear, and accessories that it sells under its own brands, licensed brands, and private-label brands. G-III has a substantial portfolio for licensed and proprietary brands, anchored by five global power brands: DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger, and Karl Lagerfeld. The company has two reportable operations: Wholesale Operations and Retail Operations. The Wholesale operations segment includes sales of products under brands licensed by from third parties, as well as sales of products under its own brands and private label brands. The retail operations segment consists primarily of Wilsons Leather, G.H. Bass, and DKNY retail stores. It derives most of its revenues from Wholesale operations.

Executives

Morris Goldfarb	director, 10 percent owner, officer: Chief Executive Officer	C/O G-III APPAREL GROUP, 345 W 37TH ST, NY NY 10018
Neal Nackman	officer: Chief Financial Officer/Treas	C/O G-III APPAREL GROUP LTD, 512 SEVENTH AVENUE, NEW YORK NY 10019
Laura H Pomerantz	director
Alan Feller	director	C/O GIII APPAREL GROUP LTD, 512 SEVENTH AVE, NEW YORK NY 10018
Sammy Aaron	director, officer: Vice Chairman	C/O GIII APPAREL GROUP, 512 SEVENTH AVENUE, NEW YORK NY 10019
Andrew Yaeger	director	512 SEVENTH AVE., NEW YORK NY 10018
Michael A Shaffer	director	C/O PHILLIPS-VAN HEUSEN CORPORATION, 200 MADISON AVENUE, NEW YORK NY 10016
Joyce F Brown	director	C/O RALPH LAUREN CORPORATION, 650 MADISON AVENUE, NEW YORK NY 10022
Amigo Victor Herrero	director	C/O CHW ACQUISITION CORPORATION, 2 MANHATTANVILLE ROAD, SUITE 403, PURCHASE NY 10577
Jeffrey David Goldfarb	director, other: Dir. of Business Develop.	G-III APPAREL, 512 SEVENTH AVENUE, NEW YORK NY 10018
Patti H Ongman	director	C/O MACY'S, INC., 7 WEST SEVENTH STREET, CINCINNATI OH 45202
Lisa W Wardell	director	5900 RYLAND DRIVE, BETHESDA MD 20817
Thomas Brosig	director	C/O GIII APPAREL GROUP LTD, 512 SEVENTH AVE, NEW YORK NY 10018
Wayne S Miller	officer: Chief Operating Officer	C/O GIII APPAREL GROUP LTD, 512 SEVENTH AVE, NEW YORK NY 10018
Robert L Johnson	director	C/O RLJ COMPANIES, 3 BETHESDA METRO CENTER, SUITE 1000, BETHESDA MD 20814