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Top 5 Companies in the Apparel, Accessories & Luxury Industry With the Highest Debt to Asset Ratio (ICON, HBI, DLA, PVH, CRI)

By Nick Russo

Below are the three companies in the Apparel, Accessories & Luxury industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.

Iconix Brand ranks highest with a a debt to asset ratio of 58.07. Hanesbrands is next with a a debt to asset ratio of 54.18. Delta Apparel ranks third highest with a a debt to asset ratio of 33.60.

Phillips-Van Heusen follows with a a debt to asset ratio of 30.07, and Carter's rounds out the top five with a a debt to asset ratio of 29.81.

SmarTrend recommended that its subscribers protect gains by selling shares of Iconix Brand on February 7th, 2017 by issuing a Downtrend alert when the shares were trading at $9.18. Since that call, shares of Iconix Brand have fallen 17.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest debt to asset ratio iconix brand hanesbrands amex:dla delta apparel Phillips-Van Heusen carter's

Ticker(s): ICON HBI PVH CRI