G-III Apparel Group (FRA:GI4) Cash And Cash Equivalents : €474 Mil (As of Apr. 2024)

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What is G-III Apparel Group Cash And Cash Equivalents?

G-III Apparel Group's quarterly cash and cash equivalents increased from Oct. 2023 (€186.93 Mil) to Jan. 2024 (€466.19 Mil) and increased from Jan. 2024 (€466.19 Mil) to Apr. 2024 (€473.86 Mil).

G-III Apparel Group's annual cash and cash equivalents declined from Jan. 2022 (€411.93 Mil) to Jan. 2023 (€177.85 Mil) but then increased from Jan. 2023 (€177.85 Mil) to Jan. 2024 (€466.19 Mil).

G-III Apparel Group Cash And Cash Equivalents Historical Data

The historical data trend for G-III Apparel Group's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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G-III Apparel Group Cash And Cash Equivalents Chart

G-III Apparel Group Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash And Cash Equivalents

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177.83

288.94

411.93

177.85

466.19

G-III Apparel Group Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Cash And Cash Equivalents	Get a 7-Day Free Trial															264.23	178.75	186.93	466.19	473.86

G-III Apparel Group Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

G-III Apparel Group (FRA:GI4) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

G-III Apparel Group Cash And Cash Equivalents Related Terms

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G-III Apparel Group (FRA:GI4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » G-III Apparel Group Ltd (FRA:GI4) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

GIII:USA

Address

512 Seventh Avenue, New York, NY, USA, 10018

Website

https://www.g-iii.com

G-III Apparel Group Ltd is a textile company. It makes a wide range of apparel, footwear, and accessories that it sells under its own brands, licensed brands, and private-label brands. G-III has a substantial portfolio for licensed and proprietary brands, anchored by five global power brands: DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger, and Karl Lagerfeld. The company has two reportable operations: Wholesale Operations and Retail Operations. The Wholesale operations segment includes sales of products under brands licensed by us from third parties, as well as sales of products under its own brands and private label brands. The retail operations segment consists primarily of Wilsons Leather, G.H. Bass, and DKNY retail stores. It derives most of its revenues from Wholesale operations.

G-III Apparel Group (FRA:GI4) Headlines

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