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

By David Diaz

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 0.48. Hanesbrands is next with a a debt to asset ratio of 0.48. Fossil ranks third highest with a a debt to asset ratio of 0.36.

Cherokee follows with a a debt to asset ratio of 0.34, and Delta Apparel rounds out the top five with a a debt to asset ratio of 0.34.

SmarTrend recommended that its subscribers protect gains by selling shares of Delta Apparel on August 15th, 2016 by issuing a Downtrend alert when the shares were trading at $20.60. Since that call, shares of Delta Apparel have fallen 23.6%. 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 fossil cherokee amex:dla delta apparel

Ticker(s): ICON HBI FOSL CHKE