Gildan Net Debt vs Common Stock Analysis

GIL Stock

USD 49.83 0.35 0.71%

Gildan Activewear financial indicator trend analysis is much more than just examining Gildan Activewear latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gildan Activewear is a good investment. Please check the relationship between Gildan Activewear Net Debt and its Common Stock accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gildan Activewear. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy Gildan Stock please use our How to buy in Gildan Stock guide.

Net Debt vs Common Stock

Net Debt vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gildan Activewear Net Debt account and Common Stock. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Gildan Activewear's Net Debt and Common Stock is 0.86. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Common Stock in the same time period over historical financial statements of Gildan Activewear, assuming nothing else is changed. The correlation between historical values of Gildan Activewear's Net Debt and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Gildan Activewear are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Debt i.e., Gildan Activewear's Net Debt and Common Stock go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Common Stock

Most indicators from Gildan Activewear's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gildan Activewear current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gildan Activewear. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy Gildan Stock please use our How to buy in Gildan Stock guide.At this time, Gildan Activewear's Issuance Of Capital Stock is quite stable compared to the past year. Sales General And Administrative To Revenue is expected to rise to 0.05 this year, although the value of Tax Provision will most likely fall to about 11.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	940.2M	992.4M	880.1M	470.4M
Total Revenue	2.9B	3.2B	3.2B	1.8B

Gross Profit Total Revenue

Gildan Activewear fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Current Deferred Revenue	Other Assets	Common Stock Total Equity
Total Assets		0.52	-0.48	0.2	0.7	0.4	0.52	0.55	0.48	0.16	0.6	-0.38	0.18	0.49	-0.57	0.57	0.9	0.57	0.45	0.54	0.97	-0.31	0.47	-0.55	0.21	0.93
Short Long Term Debt Total	0.52		-0.52	0.73	-0.1	0.7	0.91	-0.26	0.21	0.43	0.44	0.02	0.48	-0.05	-0.32	0.9	0.46	0.52	0.63	0.96	0.59	-0.44	-0.11	-0.76	0.44	0.71
Other Current Liab	-0.48	-0.52		-0.07	-0.22	-0.23	-0.54	-0.14	0.13	-0.11	-0.18	0.31	-0.09	-0.09	0.42	-0.55	-0.41	-0.42	-0.19	-0.51	-0.43	0.17	-0.37	0.56	-0.19	-0.52
Total Current Liabilities	0.2	0.73	-0.07		-0.28	0.65	0.75	-0.43	0.33	0.11	0.27	0.39	0.21	0.1	-0.15	0.57	0.25	0.17	0.77	0.79	0.31	-0.33	-0.57	-0.5	0.32	0.4
Total Stockholder Equity	0.7	-0.1	-0.22	-0.28		-0.02	-0.04	0.97	0.13	-0.31	0.23	-0.45	-0.34	0.66	-0.4	-0.08	0.66	0.15	-0.06	-0.1	0.57	0.18	0.64	-0.09	-0.39	0.47
Property Plant And Equipment Net	0.4	0.7	-0.23	0.65	-0.02		0.83	-0.15	0.38	0.12	0.82	-0.04	0.25	0.18	0.29	0.8	0.39	0.48	0.66	0.73	0.45	-0.17	-0.06	-0.3	0.22	0.47
Net Debt	0.52	0.91	-0.54	0.75	-0.04	0.83		-0.2	0.26	0.13	0.58	0.01	0.21	0.1	-0.16	0.9	0.54	0.46	0.64	0.94	0.56	-0.31	-0.01	-0.66	0.39	0.65
Retained Earnings	0.55	-0.26	-0.14	-0.43	0.97	-0.15	-0.2		0.02	-0.37	0.1	-0.47	-0.42	0.62	-0.3	-0.23	0.53	0.0	-0.25	-0.27	0.41	0.28	0.67	0.05	-0.54	0.28
Accounts Payable	0.48	0.21	0.13	0.33	0.13	0.38	0.26	0.02		0.12	0.58	-0.2	0.17	0.24	-0.07	0.35	0.48	0.45	0.65	0.32	0.55	-0.65	0.0	-0.21	0.27	0.43
Cash	0.16	0.43	-0.11	0.11	-0.31	0.12	0.13	-0.37	0.12		0.13	0.01	0.99	-0.38	-0.16	0.47	-0.12	0.5	0.16	0.39	0.31	-0.48	-0.23	-0.3	0.52	0.35
Non Current Assets Total	0.6	0.44	-0.18	0.27	0.23	0.82	0.58	0.1	0.58	0.13		-0.31	0.26	0.29	0.26	0.67	0.55	0.58	0.58	0.47	0.62	-0.22	0.26	-0.15	0.27	0.57
Non Currrent Assets Other	-0.38	0.02	0.31	0.39	-0.45	-0.04	0.01	-0.47	-0.2	0.01	-0.31		0.04	-0.03	0.08	-0.14	-0.35	-0.34	0.03	0.05	-0.3	0.13	-0.71	0.31	0.37	-0.24
Cash And Short Term Investments	0.18	0.48	-0.09	0.21	-0.34	0.25	0.21	-0.42	0.17	0.99	0.26	0.04		-0.34	-0.09	0.54	-0.09	0.52	0.25	0.45	0.34	-0.48	-0.27	-0.29	0.56	0.38
Net Receivables	0.49	-0.05	-0.09	0.1	0.66	0.18	0.1	0.62	0.24	-0.38	0.29	-0.03	-0.34		-0.17	-0.04	0.4	0.02	0.09	0.02	0.42	-0.01	0.3	0.04	-0.31	0.35
Common Stock Shares Outstanding	-0.57	-0.32	0.42	-0.15	-0.4	0.29	-0.16	-0.3	-0.07	-0.16	0.26	0.08	-0.09	-0.17		-0.13	-0.49	-0.2	-0.15	-0.33	-0.54	0.32	-0.16	0.67	-0.19	-0.63
Non Current Liabilities Total	0.57	0.9	-0.55	0.57	-0.08	0.8	0.9	-0.23	0.35	0.47	0.67	-0.14	0.54	-0.04	-0.13		0.48	0.69	0.58	0.92	0.64	-0.48	0.08	-0.66	0.52	0.71
Inventory	0.9	0.46	-0.41	0.25	0.66	0.39	0.54	0.53	0.48	-0.12	0.55	-0.35	-0.09	0.4	-0.49	0.48		0.3	0.49	0.49	0.87	-0.16	0.41	-0.47	0.1	0.78
Other Current Assets	0.57	0.52	-0.42	0.17	0.15	0.48	0.46	0.0	0.45	0.5	0.58	-0.34	0.52	0.02	-0.2	0.69	0.3		0.44	0.55	0.57	-0.59	0.31	-0.54	0.48	0.68
Other Stockholder Equity	0.45	0.63	-0.19	0.77	-0.06	0.66	0.64	-0.25	0.65	0.16	0.58	0.03	0.25	0.09	-0.15	0.58	0.49	0.44		0.67	0.55	-0.42	-0.37	-0.44	0.41	0.56
Total Liab	0.54	0.96	-0.51	0.79	-0.1	0.73	0.94	-0.27	0.32	0.39	0.47	0.05	0.45	0.02	-0.33	0.92	0.49	0.55	0.67		0.62	-0.49	-0.12	-0.77	0.49	0.73
Total Current Assets	0.97	0.59	-0.43	0.31	0.57	0.45	0.56	0.41	0.55	0.31	0.62	-0.3	0.34	0.42	-0.54	0.64	0.87	0.57	0.55	0.62		-0.41	0.31	-0.55	0.29	0.94
Short Term Debt	-0.31	-0.44	0.17	-0.33	0.18	-0.17	-0.31	0.28	-0.65	-0.48	-0.22	0.13	-0.48	-0.01	0.32	-0.48	-0.16	-0.59	-0.42	-0.49	-0.41		0.01	0.53	-0.41	-0.44
Intangible Assets	0.47	-0.11	-0.37	-0.57	0.64	-0.06	-0.01	0.67	0.0	-0.23	0.26	-0.71	-0.27	0.3	-0.16	0.08	0.41	0.31	-0.37	-0.12	0.31	0.01		-0.17	-0.23	0.29
Current Deferred Revenue	-0.55	-0.76	0.56	-0.5	-0.09	-0.3	-0.66	0.05	-0.21	-0.3	-0.15	0.31	-0.29	0.04	0.67	-0.66	-0.47	-0.54	-0.44	-0.77	-0.55	0.53	-0.17		-0.27	-0.72
Other Assets	0.21	0.44	-0.19	0.32	-0.39	0.22	0.39	-0.54	0.27	0.52	0.27	0.37	0.56	-0.31	-0.19	0.52	0.1	0.48	0.41	0.49	0.29	-0.41	-0.23	-0.27		0.41
Common Stock Total Equity	0.93	0.71	-0.52	0.4	0.47	0.47	0.65	0.28	0.43	0.35	0.57	-0.24	0.38	0.35	-0.63	0.71	0.78	0.68	0.56	0.73	0.94	-0.44	0.29	-0.72	0.41

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Gildan Activewear Account Relationship Matchups

Gildan Activewear fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.2B	3.0B	3.1B	3.4B	3.5B	1.9B
Short Long Term Debt Total	926.5M	1.1B	709.1M	1.0B	1.1B	1.1B
Other Current Liab	1.3M	15.2M	18.5M	19.6M	72.4M	50.5M
Total Current Liabilities	422.4M	359.6M	463.6M	641.7M	724.1M	760.3M
Total Stockholder Equity	1.8B	1.6B	1.9B	1.9B	2.0B	1.2B
Property Plant And Equipment Net	1.1B	956.2M	1.1B	1.2B	1.3B	1.3B
Net Debt	862.4M	577.2M	529.9M	873.6M	993.4M	1.0B
Retained Earnings	1.6B	1.4B	1.6B	1.6B	1.6B	1.1B
Accounts Payable	406.6M	289.9M	421.9M	451.6M	323.4M	221.4M
Cash	64.1M	505.3M	179.2M	150.4M	89.6M	89.2M
Non Current Assets Total	1.7B	1.5B	1.7B	1.7B	1.8B	926.3M
Non Currrent Assets Other	3.8M	4.6M	3.4M	2.4M	25.5M	26.8M
Cash And Short Term Investments	64.1M	505.3M	179.2M	150.4M	134.8M	96.1M
Net Receivables	320.9M	201.1M	330.0M	248.8M	412.5M	222.2M
Common Stock Shares Outstanding	204.6M	198.4M	197.6M	184.5M	176.2M	241.3M
Liabilities And Stockholders Equity	3.2B	3.0B	3.1B	3.4B	3.5B	1.8B
Non Current Liabilities Total	954.2M	1.1B	753.7M	916.4M	833.3M	875.0M
Inventory	1.1B	728.0M	774.4M	1.2B	1.1B	550.9M
Other Current Assets	77.1M	110.1M	163.7M	53.5M	50.8M	31.8M
Other Stockholder Equity	32.8M	24.9M	58.1M	79.5M	61.4M	39.2M
Total Liab	1.4B	1.5B	1.2B	1.6B	1.6B	1.6B
Total Current Assets	1.5B	1.5B	1.4B	1.7B	1.7B	902.2M
Short Term Debt	14.5M	54.4M	15.3M	163.8M	326.7M	343.0M
Intangible Assets	383.9M	289.9M	306.6M	230.0M	261.4M	191.8M
Other Assets	16.6M	23.7M	21.5M	18.4M	21.1M	12.6M
Common Stock Total Equity	159.2M	159.9M	174.2M	183.9M	211.5M	118.2M
Property Plant And Equipment Gross	1.1B	956.2M	1.1B	1.2B	2.5B	2.6B
Accumulated Other Comprehensive Income	(535K)	(9.0M)	64.8M	9.8M	13.7M	13.8M
Common Stock	174.2M	183.9M	191.7M	202.3M	271.2M	284.8M
Other Liab	42.2M	35.9M	59.9M	56.2M	64.6M	33.7M
Net Tangible Assets	1.2B	1.1B	1.3B	1.4B	1.6B	1.1B
Long Term Debt	669M	845M	1B	780M	685M	359.2M
Good Will	227.9M	206.6M	283.8M	271.7M	312.4M	328.0M
Short Term Investments	46.0M	88.8M	70.0M	48.3M	45.1M	29.3M
Short Long Term Debt	630M	521K	2.1M	150M	300M	231.0M
Property Plant Equipment	1.1B	956.2M	1.1B	1.2B	1.4B	691.8M
Long Term Debt Total	912.0M	1.1B	693.8M	860.2M	989.2M	853.5M
Capital Surpluse	32.8M	24.9M	58.1M	79.5M	91.4M	96.0M

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When determining whether Gildan Activewear is a strong investment it is important to analyze Gildan Activewear's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Gildan Activewear's future performance. For an informed investment choice regarding Gildan Stock, refer to the following important reports:

How To Invest In Gildan

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Is Gildan Stock a good investment?

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What is Gildan Activewear's Net Worth?

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Largest Apparel, Accessories & Luxury Goods Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gildan Activewear. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy Gildan Stock please use our How to buy in Gildan Stock guide.

You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Is Apparel, Accessories & Luxury Goods space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gildan Activewear. If investors know Gildan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gildan Activewear listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.124

Dividend Share

0.801

Earnings Share

2.51

Revenue Per Share

19.316

Quarterly Revenue Growth

0.024

The market value of Gildan Activewear is measured differently than its book value, which is the value of Gildan that is recorded on the company's balance sheet. Investors also form their own opinion of Gildan Activewear's value that differs from its market value or its book value, called intrinsic value, which is Gildan Activewear's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gildan Activewear's market value can be influenced by many factors that don't directly affect Gildan Activewear's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Gildan Activewear's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gildan Activewear is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gildan Activewear's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Gildan Net Debt vs Common Stock Analysis

Net Debt vs Common Stock

Net Debt vs Common Stock Correlation Analysis

Correlation Coefficient

Net Debt

Common Stock

Gildan Activewear fundamental ratios Correlations

Gildan Activewear Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Gildan Activewear fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 0.99	Cash
Total Current Assets	+ 0.97	Total Assets
Retained Earnings	+ 0.97	Total Stockholder Equity
Total Liab	+ 0.96	Short Long Term Debt Total
Total Liab	+ 0.94	Net Debt
Common Stock Total Equity	+ 0.94	Total Current Assets

Current Deferred Revenue	- 0.77	Total Liab
Current Deferred Revenue	- 0.76	Short Long Term Debt Total
Common Stock Total Equity	- 0.72	Current Deferred Revenue
Intangible Assets	- 0.71	Non Currrent Assets Other
Current Deferred Revenue	- 0.66	Non Current Liabilities Total
Current Deferred Revenue	- 0.66	Net Debt