G-III Apparel Group Ltd (GIII)
Financial leverage ratio
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,681,160 | 2,712,400 | 2,742,530 | 2,436,390 | 2,565,140 |
| Total stockholders’ equity | US$ in thousands | 1,550,260 | 1,385,450 | 1,519,910 | 1,336,240 | 1,290,670 |
| Financial leverage ratio | 1.73 | 1.96 | 1.80 | 1.82 | 1.99 |
January 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,681,160K ÷ $1,550,260K
= 1.73
The financial leverage ratio for G-III Apparel Group Ltd has exhibited some fluctuations over the past five years. The ratio decreased from 1.99 in 2020 to 1.73 in 2024, indicating a reduction in the company's reliance on debt to finance its operations and assets.
In 2021, the ratio was relatively stable at 1.82, suggesting a moderate level of financial leverage. However, in 2022, the ratio decreased to 1.80 before rising again to 1.96 in 2023. This increase may indicate an uptick in the company's debt levels compared to the previous year.
Overall, the financial leverage ratio for G-III Apparel Group Ltd has shown some variability, but the downward trend from 2020 to 2024 suggests a potential shift towards a lower level of debt usage in the company's capital structure. This could imply a more conservative approach to financial risk management or a focus on improving liquidity and financial stability.
Peer comparison
Jan 31, 2024