Gildan ActivewearGIL -0.94%88 Quick Ratio is 1.17 as of Mar. 2026, which is 24% below its 10-year median of 1.54. GuruFocus rates GIL with a GF Score™ of 88/100 and a GF Value™ of $63.25 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,069 Manufacturing - Apparel & Accessories companies, Gildan Activewear ranks better than 52.57% on this metric.
Gildan Activewear (NYSE:GIL) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Gildan Activewear Quick Ratio Related Terms
Gildan Activewear Quick Ratio Historical Data
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The historical data trend for Gildan Activewear's Quick Ratio 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.
For the Apparel Manufacturing subindustry, Gildan Activewear's Quick Ratio, along with its competitors' market caps and Quick Ratio 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 Quick Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Gildan Activewear's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Gildan Activewear's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Gildan Activewear's Quick Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Gildan Activewear (GIL) has a Quick Ratio of 1.17 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Gildan Activewear and its competitors. This is 24% below median its historical median of 1.54. Over the past decade, Gildan Activewear's Quick Ratio has ranged from 0.78 to 2.64. According to the industry distribution chart, Gildan Activewear ranks #507 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 47.4%.
Is Gildan Activewear's Quick Ratio too high?
Gildan Activewear's current Quick Ratio of 1.17 is 24% below median its 10-year median of 1.54. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 2.64. The Manufacturing - Apparel & Accessories industry median Quick Ratio is 1.10. Gildan Activewear's value of 1.17 is 6.4% above this industry median. Based on the distribution chart, Gildan Activewear ranks #507 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Gildan Activewear has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gildan Activewear's Quick Ratio compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Gildan Activewear ranks #507 out of 1069 companies for Quick Ratio. This puts Gildan Activewear in the upper half of its industry. The industry median Quick Ratio is 1.10. Gildan Activewear's value of 1.17 is 6.4% above this benchmark. Historically, Gildan Activewear's own Quick Ratio has ranged from 0.78 to 2.64 over the past decade. While the company's 10-year median is 1.54 vs. the industry median of 1.10, Gildan Activewear has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Manufacturing - Apparel & Accessories company?
The median Quick Ratio among Manufacturing - Apparel & Accessories companies is 1.10, based on 1,069 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Gildan Activewear's current Quick Ratio of 1.17 is 6.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Gildan Activewear and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Quick Ratio is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gildan Activewear's current Quick Ratio is 1.17, which is 24% below median its own 10-year median of 1.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gildan Activewear stock overvalued right now?
Based on GuruFocus' analysis, Gildan Activewear (GIL) is currently considered Modestly Undervalued. The stock's GF Value™ is $63.25, compared to a current price of $53.57 — trading 15.3% below its estimated fair value. The current Quick Ratio is 1.17, which is 24% below median its 10-year median of 1.54 and 6.4% above the Manufacturing - Apparel & Accessories industry median of 1.10. Gildan Activewear's overall GF Score™ is 88/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Gildan Activewear (GIL), the current Quick Ratio is 1.17 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Gildan Activewear (GIL) Overvalued in 2026?
Based on GuruFocus' analysis, Gildan Activewear stock appears to be undervalued.
The current stock price of $53.57 is trading 15.3% below its estimated GF Value™ of $63.25.
GuruFocus considers Gildan Activewear to be Modestly Undervalued.
Key valuation signals for GIL:
Quick Ratio: 1.17 (24% below median its 10-year median of 1.54)
GF Value™: $63.25 vs. price of $53.57 (15.3% below fair value)
Industry Position: 6.4% above the Manufacturing - Apparel & Accessories median (#507 of 1069)
No single metric tells the full story. See the GIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. It is a leader in 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, a business that has been greatly enhanced by the Hanesbrands acquisition. Gildan's brands include Hanes, Bali, Maidenform, Playtex, Gildan, American Apparel, Comfort Colors, and Goldtoe. Gildan produces most of its clothing at factories in Latin America but has been ramping up production at its new facility in Bangladesh. Incorporated in 1984, the Montreal-based company operates internationally but generated 90% of its sales in the US in 2025.
88GF Score
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