G-III Apparel Group Ltd (GIII)

Debt-to-assets ratio

Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019
Long-term debt US$ in thousands 402,807 402,846 403,304 403,586 483,840 787,892 495,668 516,828 515,344 513,466 512,017 509,784 507,950 504,328 405,003 900,682 396,794 674,741 553,118 411,087
Total assets US$ in thousands 2,681,160 2,749,330 2,662,050 2,554,480 2,712,400 3,290,220 3,082,350 2,718,270 2,742,530 2,728,020 2,553,590 2,398,720 2,436,390 2,469,420 2,269,810 2,798,960 2,565,140 2,928,610 2,712,440 2,446,540
Debt-to-assets ratio 0.15 0.15 0.15 0.16 0.18 0.24 0.16 0.19 0.19 0.19 0.20 0.21 0.21 0.20 0.18 0.32 0.15 0.23 0.20 0.17

January 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $402,807K ÷ $2,681,160K
= 0.15

The debt-to-assets ratio for G-III Apparel Group Ltd has exhibited varying trends over the past few years, indicating the company's level of leverage and financial risk. The ratio remained relatively stable around 0.15 to 0.16 from January 2023 to July 2023, which suggests a conservative approach to debt utilization and a strong asset base to support its obligations.

However, the ratio increased to 0.18 in the following quarter (April 2023) and further to 0.24 in October 2022, indicating a temporary increase in debt relative to assets. This higher ratio may suggest increased financial risk and reliance on debt financing during these periods.

The ratio subsequently decreased to 0.16 in January 2022 and 0.19 in both April 2022 and July 2022, implying a moderation in debt levels compared to assets. This moderation in leverage could be a result of improved financial management or debt repayment strategies.

The ratio spiked significantly to 0.32 in April 2020, indicating a substantial increase in debt relative to assets during that period, which may have been influenced by external factors or strategic decisions by the company.

Overall, the debt-to-assets ratio for G-III Apparel Group Ltd has shown fluctuations over time, reflecting changes in the company's capital structure and financial policies. It is important for investors and stakeholders to monitor this ratio to assess the company's financial health and risk profile.