Gildan Activewear Inc. (GIL) Balance Sheet
GIL balance sheet, 2025
December 31, 2025 · U.S. dollars$10.45B assets = $6.89B liabilities + $3.56B equity
Both columns are drawn to the same scale: what GIL owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GIL financial health
Descriptive bands, not a rating. Fiscal 2025.
GIL balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.99B2016 | $10.45B2025 | +14.9%/yr | |
| Total liabilities | $870.5M2016 | $6.89B2025 | +25.8%/yr | |
| Shareholders’ equity | $2.12B2016 | $3.56B2025 | +5.9%/yr | |
| Cash & short-term investments | $38.2M2016 | $283.9M2025 | +25.0%/yr | |
| Total debt | $600.0M2016 | $4.87B2025 | +26.2%/yr | |
| Net cash (debt) | −$561.8M2016 | −$4.59B2025 | −$4.0B | |
| Working capital | $1.10B2016 | $2.47B2025 | +$1.4B | |
| Book value per share | $8.992016 | $23.232025 | +11.1%/yr | |
| Current ratio | 5.682016 | 2.112025 | −3.58 | |
| Debt / equity | 0.282016 | 1.372025 | +1.09 | |
| Shares outstanding | 235.8M2016 | 153.1M2025 | −4.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GIL assets
GIL liabilities and equity
GIL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GIL balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $283.9M | $98.8M | $89.6M | $150.3M | $179.2M | $505.3M | $64.1M | $46.7M | $52.8M | $38.2M |
| Cash & equivalents | $283.9M | $98.8M | $89.6M | $150.3M | $179.2M | $505.3M | $64.1M | $46.7M | $52.8M | $38.2M |
| Short-term investments | $69.2M | $56.8M | $45.1M | $48.3M | $70.0M | $88.8M | $46.0M | $39.8M | $28.7M | $22.7M |
| Receivables | $953.9M | $542.4M | $412.5M | $248.7M | $330.0M | $201.1M | $320.9M | $318.8M | $247.3M | $277.7M |
| Inventory | $2.37B | $1.11B | $1.09B | $1.23B | $774.4M | $728.0M | $1.05B | $940.0M | $945.7M | $954.9M |
| Other current assets | $1.10B | $107.0M | $96.0M | $101.8M | $163.7M | $110.1M | $77.1M | $77.4M | $62.1M | $69.7M |
| Total current assets | $4.70B | $1.86B | $1.69B | $1.73B | $1.45B | $1.54B | $1.51B | $1.38B | $1.31B | $1.34B |
| Property, plant & equipment (net) | $1.70B | $1.27B | $1.25B | $1.19B | $1.08B | $956.2M | $1.07B | $990.5M | $1.04B | $1.08B |
| Goodwill & intangible assets | $3.88B | $525.0M | $530.4M | $501.4M | $590.4M | $496.5M | $611.7M | $620.9M | $628.2M | $556.3M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $162.3M | $63.4M | $29.4M | $56.8M | $21.5M | $56.2M | $56.0M | $10.3M | $8.8M | $16.4M |
| Total assets | $10.45B | $3.72B | $3.50B | $3.48B | $3.14B | $3.05B | $3.25B | $3.00B | $2.98B | $2.99B |
| Liabilities | ||||||||||
| Accounts payable | $1.23B | $459.2M | $387.7M | $451.6M | $355.9M | $317.5M | $387.9M | $347.0M | $258.5M | $234.1M |
| Short-term debt | $508.8M | $317.7M | $326.7M | $163.8M | $29.4M | $15.9M | $14.5M | $33.5M | $630.0M | $600.0M |
| Deferred revenue | — | — | $369,459 | — | — | −$26.2M | $9.9M | −$56.6M | — | $2.79B |
| Total current liabilities | $2.23B | $837.5M | $720.4M | $641.4M | $463.6M | $359.6M | $422.4M | $347.0M | $258.5M | $235.9M |
| Long-term debt | $4.12B | $1.34B | $768.9M | $860.2M | $693.8M | $1.07B | $912.0M | $669.0M | $630.0M | $600.0M |
| Lease obligations | $314.5M | $117.4M | $98.1M | $94.0M | $109.1M | $82.5M | $81.5M | — | — | — |
| Other long-term liabilities | $540.4M | $85.4M | $60.2M | $94.1M | $59.9M | $68.4M | $81.6M | $52.5M | $40.9M | $34.6M |
| Total liabilities | $6.89B | $2.26B | $1.55B | $1.60B | $1.22B | $1.49B | $1.42B | $1.07B | $929.3M | $870.5M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $2.30B | $268.6M | $269.8M | $202.2M | $191.7M | $183.9M | $174.2M | $159.9M | $159.2M | $152.3M |
| Retained earnings (deficit) | $1.17B | $1.12B | $1.60B | $1.59B | $1.60B | $1.36B | $1.63B | $1.74B | $1.85B | $1.90B |
| Accumulated other comprehensive income | −$20.3M | −$26,983 | $13.6M | $9.8M | $64.8M | −$9.0M | −$535,000 | $3.4M | $13.5M | $40.6M |
| Total shareholders' equity | $3.56B | $1.46B | $1.95B | $1.88B | $1.92B | $1.56B | $1.83B | $1.94B | $2.05B | $2.12B |
| Key figures | ||||||||||
| Total debt | $4.87B | $1.65B | $1.10B | $1.02B | $723.2M | $1.08B | $926.5M | $702.5M | $630.0M | $600.0M |
| Net cash (debt) | −$4.59B | −$1.55B | −$1.01B | −$873.2M | −$543.9M | −$577.2M | −$862.4M | −$655.9M | −$577.2M | −$561.8M |
| Working capital | $2.47B | $1.02B | $967.2M | $1.08B | $983.6M | $1.18B | $1.09B | $1.04B | $1.05B | $1.10B |
| Tangible book value | −$327.4M | $931.7M | $1.42B | $1.38B | $1.33B | $1.06B | $1.22B | $1.32B | $1.42B | $1.56B |
| Book value per share | $23.23 | $8.93 | $11.05 | $10.20 | $9.71 | $7.86 | $8.97 | $9.16 | $9.12 | $8.99 |
| Shares outstanding | 153.1M | 163.2M | 176.2M | 184.5M | 197.6M | 198.4M | 204.6M | 211.3M | 225.1M | 235.8M |
| Current ratio | 2.11 | 2.22 | 2.34 | 2.69 | 3.12 | 4.29 | 3.58 | 3.99 | 5.06 | 5.68 |
| Quick ratio | 0.55 | 0.77 | 0.70 | 0.62 | 1.10 | 1.96 | 0.91 | 1.05 | 1.16 | 1.34 |
| Debt / equity | 1.37 | 1.13 | 0.56 | 0.54 | 0.38 | 0.69 | 0.51 | 0.36 | 0.31 | 0.28 |
| Equity / assets | 34.0% | 39.2% | 55.7% | 54.1% | 61.2% | 51.1% | 56.4% | 64.4% | 68.8% | 70.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $268.0M | $237.1M | $283.9M | $112.6M | $86.2M | $75.5M | $98.8M | $78.5M | $90.3M | $91.1M | $89.6M | $153.3M |
| Cash & equivalents | $268.0M | $237.1M | $283.9M | $112.6M | $86.2M | $75.5M | $98.8M | $78.5M | $90.3M | $91.1M | $89.6M | $102.5M |
| Short-term investments | — | — | $69.2M | $91.7M | $83.2M | $58.3M | $56.8M | $42.9M | $39.3M | $49.1M | $45.1M | $50.8M |
| Receivables | $1.08B | $1.01B | $953.9M | $723.1M | $709.6M | $662.1M | $542.4M | $612.9M | $599.0M | $512.1M | $412.5M | $449.4M |
| Inventory | $2.17B | $2.42B | $2.37B | $1.25B | $1.22B | $1.23B | $1.11B | $1.10B | $1.11B | $1.14B | $1.09B | $1.14B |
| Other current assets | $1.02B | $1.15B | $1.10B | $138.9M | $125.7M | $102.8M | $107.0M | $118.0M | $85.5M | $109.1M | $96.0M | $66.6M |
| Total current assets | $4.53B | $4.81B | $4.70B | $2.22B | $2.14B | $2.07B | $1.86B | $1.91B | $1.89B | $1.85B | $1.69B | $1.81B |
| Property, plant & equipment (net) | $1.56B | $1.67B | $1.70B | $1.26B | $1.27B | $1.26B | $1.27B | $1.25B | $1.28B | $1.27B | $1.25B | $1.26B |
| Goodwill & intangible assets | $3.83B | $3.85B | $3.88B | $516.2M | $522.8M | $523.0M | $525.0M | $526.7M | $528.5M | $530.8M | $530.4M | $494.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $119.8M | $148.1M | $162.3M | $69.8M | $80.3M | $64.4M | $63.4M | $49.1M | $49.8M | $36.8M | $29.4M | $14.7M |
| Total assets | $10.04B | $10.47B | $10.45B | $4.07B | $4.01B | $3.92B | $3.72B | $3.74B | $3.74B | $3.68B | $3.50B | $3.57B |
| Liabilities | ||||||||||||
| Accounts payable | $1.03B | $1.05B | $1.23B | $566.0M | $498.6M | $445.3M | $459.2M | $479.8M | $463.8M | $427.2M | $387.7M | $341.5M |
| Short-term debt | $1.00B | $509.4M | $508.8M | $468.6M | $29.5M | $30.7M | $317.7M | $329.4M | $316.3M | $314.2M | $326.7M | $326.4M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$86.6M | $34.8M | — | — |
| Total current liabilities | $2.35B | $2.05B | $2.23B | $1.11B | $552.5M | $529.9M | $837.5M | $823.9M | $800.9M | $775.5M | $720.4M | $722.8M |
| Long-term debt | $3.59B | $4.27B | $4.12B | $1.40B | $1.95B | $1.90B | $1.34B | $1.27B | $919.0M | $840.0M | $685.0M | $805.4M |
| Lease obligations | $322.4M | $296.7M | $314.5M | $117.3M | $118.3M | $113.3M | $117.4M | $106.4M | $109.6M | $94.3M | $98.1M | $95.6M |
| Other long-term liabilities | $776.7M | $749.7M | $540.4M | $74.5M | $77.2M | $82.6M | $85.4M | $77.0M | $166.8M | $140.4M | $144.1M | $51.1M |
| Total liabilities | $6.71B | $7.07B | $6.89B | $2.58B | $2.58B | $2.51B | $2.26B | $2.17B | $1.89B | $1.76B | $1.55B | $1.58B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2.31B | $2.31B | $2.30B | $286.8M | $288.7M | $290.7M | $268.6M | $272.2M | $275.2M | $278.7M | $269.8M | $222.8M |
| Retained earnings (deficit) | $901.3M | $1.00B | $1.17B | $1.15B | $1.11B | $1.08B | $1.12B | $1.23B | $1.50B | $1.60B | $1.60B | $1.67B |
| Accumulated other comprehensive income | $47.7M | $25.4M | −$20.3M | −$23.5M | −$28.9M | −$10.5M | −$26,983 | $928,000 | $5.3M | $18.2M | $13.6M | $28.8M |
| Total shareholders' equity | $3.34B | $3.41B | $3.56B | $1.49B | $1.43B | $1.41B | $1.46B | $1.57B | $1.85B | $1.93B | $1.95B | $1.99B |
| Key figures | ||||||||||||
| Total debt | $4.85B | $5.01B | $4.87B | $1.87B | $1.98B | $1.93B | $1.65B | $1.60B | $1.33B | $1.23B | $1.10B | $1.13B |
| Net cash (debt) | −$4.58B | −$4.77B | −$4.59B | −$1.76B | −$1.89B | −$1.85B | −$1.55B | −$1.52B | −$1.24B | −$1.14B | −$1.01B | −$978.5M |
| Working capital | $2.18B | $2.76B | $2.47B | $1.12B | $1.59B | $1.54B | $1.02B | $1.08B | $1.08B | $1.07B | $967.2M | $1.08B |
| Tangible book value | −$496.6M | −$437.8M | −$327.4M | $970.4M | $903.4M | $882.5M | $931.7M | $1.04B | $1.32B | $1.40B | $1.42B | $1.50B |
| Book value per share | $18.02 | $18.40 | $22.20 | $9.86 | $9.46 | $9.25 | $9.44 | $9.72 | $11.02 | $11.40 | $11.34 | $11.37 |
| Shares outstanding | 185.2M | 185.2M | 160.2M | 150.8M | 150.8M | 152.0M | 154.4M | 161.0M | 168.1M | 169.0M | 171.8M | 175.3M |
| Current ratio | 1.93 | 2.35 | 2.11 | 2.01 | 3.87 | 3.91 | 2.22 | 2.31 | 2.35 | 2.38 | 2.34 | 2.50 |
| Quick ratio | 0.57 | 0.61 | 0.55 | 0.76 | 1.44 | 1.39 | 0.77 | 0.84 | 0.86 | 0.78 | 0.70 | 0.83 |
| Debt / equity | 1.45 | 1.47 | 1.37 | 1.26 | 1.39 | 1.37 | 1.13 | 1.02 | 0.72 | 0.64 | 0.56 | 0.57 |
| Equity / assets | 33.2% | 32.5% | 34.0% | 36.5% | 35.6% | 35.9% | 39.2% | 41.9% | 49.5% | 52.3% | 55.7% | 55.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
GIL financial position
At the end of fiscal 2025 (December 31, 2025), Gildan Activewear had total assets of $10.4 billion (up 181.2% from a year earlier), total liabilities of $6.9 billion and shareholders' equity of $3.6 billion. It held $283.9 million in cash and short-term investments against $4.9 billion of debt, net debt of $4.6 billion. Its current ratio was 2.11. In the latest quarter (ended June 30, 2026) total assets were $10.0 billion and equity $3.3 billion.
Related: GIL income statement, GIL cash flow statement, GIL key metrics. See the GIL stock overview for the latest quote and news.
GIL balance sheet FAQ
What are Gildan Activewear's total assets?
Gildan Activewear reported total assets of $10.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $3.7 billion a year earlier.
How much debt does Gildan Activewear have?
Gildan Activewear had $4.9 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.37.
How much cash does Gildan Activewear have?
Gildan Activewear held $283.9 million in cash and short-term investments at the end of fiscal 2025; with $4.9 billion of debt that is net debt of $4.6 billion.
What is Gildan Activewear's book value?
Gildan Activewear's shareholders' equity (book value) was $3.6 billion at the end of fiscal 2025, or $23.23 per share.
What is Gildan Activewear's current ratio?
Gildan Activewear had current assets of $4.7 billion and current liabilities of $2.2 billion, a current ratio of 2.11 (it can cover its short-term obligations).
How much goodwill does Gildan Activewear have?
Gildan Activewear carried $3.9 billion of goodwill and intangible assets, 37.2% of total assets, at the end of fiscal 2025.