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.