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.