G-III Apparel Group Ltd (GIII)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	1,550,260	1,503,220	1,382,120	1,380,450	1,385,450	1,622,260	1,584,000	1,558,290	1,519,910	1,486,240	1,380,610	1,357,880	1,336,240	1,310,270	1,237,750	1,246,230	1,290,670	1,260,300	1,167,820	1,186,830
Debt-to-capital ratio		0.21	0.21	0.23	0.23	0.26	0.33	0.24	0.25	0.25	0.26	0.27	0.27	0.28	0.28	0.25	0.42	0.24	0.35	0.32	0.26

January 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $402,807K ÷ ($402,807K + $1,550,260K)
= 0.21

The debt-to-capital ratio of G-III Apparel Group Ltd fluctuated over the past few quarters, indicating the company's leverage position relative to its capital structure. The ratio ranged from 0.21 to 0.42, with higher values indicating a higher proportion of debt in the company's capital structure.

In the most recent quarter, the debt-to-capital ratio was 0.21, which suggests that the company had relatively lower debt compared to its capital base. This could indicate a conservative approach to financing, which may be viewed positively by investors and creditors.

However, the ratio has shown some volatility over the periods analyzed, reaching as high as 0.42 in the first quarter of 2020. This peak level could indicate a period of increased debt relative to the company's capital, which may raise concerns about the company's financial risk and ability to meet its debt obligations.

Overall, it is essential for investors and stakeholders to monitor G-III Apparel Group Ltd's debt-to-capital ratio over time to assess the company's financial health and risk profile.