G-III Apparel Group Ltd (GIII)
Solvency ratios
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.48 | 1.69 | 1.78 | 1.69 | 1.73 | 1.83 | 1.93 | 1.54 | 1.96 | 2.03 | 1.95 | 1.74 | 1.80 | 1.84 | 1.85 | 1.77 | 2.82 | 1.88 | 1.83 | 2.25 |
The solvency ratios of G-III Apparel Group Ltd indicate a strong financial position with consistently low debt ratios over the years. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have all remained at 0.00, implying that the company has no significant debt relative to its total assets, capital, or equity.
The financial leverage ratio, which provides a measure of how much debt a company is using to finance its assets, has fluctuated over the years but generally remained at a moderate level. The decreasing trend in the financial leverage ratio from 2.25 in April 2020 to 1.48 in January 2025 indicates that the company has been reducing its reliance on debt to finance its operations, which is a positive sign for its solvency.
Overall, G-III Apparel Group Ltd's solvency ratios demonstrate a conservative approach to managing its debt levels and suggest a solid financial foundation that is well-positioned to meet its long-term obligations and sustain its operations.
Coverage ratios
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 15.33 | 11.54 | 9.97 | 7.91 | 6.61 | 5.55 | 3.54 | 4.14 | 4.83 | 5.36 | 6.99 | 6.58 | 6.45 | 5.66 | 4.14 | 3.71 | 2.06 | 2.58 | 3.73 | 4.04 |
The interest coverage ratio of G-III Apparel Group Ltd has shown some fluctuations over the periods analyzed. The ratio, which indicates the company's ability to cover its interest obligations with its operating income, was at 4.04 in April 2020. It then decreased to 3.73 in July 2020, indicating a slight weakening in the company's ability to cover its interest payments.
Subsequently, there was a further decrease in the interest coverage ratio to 2.58 in October 2020 and a significant decline to 2.06 in January 2021. These decreases suggest that the company's ability to cover its interest expenses with its operating income had become weaker during these periods.
However, from April 2021 onwards, there was an improvement in the interest coverage ratio, with values of 3.71, 4.14, and 5.66 in April 2021, July 2021, and October 2021, respectively. This upward trend continued into January 2022, where the interest coverage ratio was 6.45, indicating a stronger ability to cover interest payments.
Subsequently, the interest coverage ratio continued to increase, reaching 6.58 in April 2022, 6.99 in July 2022, and 5.36 in October 2022. However, in January 2023, there was a slight drop to 4.83, which suggests a small decrease in the company's ability to cover its interest obligations.
The interest coverage ratio then showed some fluctuations between 4.14 and 5.55 over the periods up to October 2023. From January 2024 onwards, there was a notable improvement in the interest coverage ratio, exceeding 6.0 in each period, reaching a high of 15.33 in January 2025. This indicates a significant strengthening of G-III Apparel Group Ltd's ability to cover interest expenses with its operating income, reflecting a positive trend in the company's financial performance and stability in meeting its debt obligations.