Gildan Activewear carries a total debt load reflecting its strategic corporate initiatives and capital allocation activities, with total debt figures on its balance sheet reaching approximately $5.01 billion USD. Following major corporate transactions and acquisitions—such as absorbing operational segments from HanesBrands—net debt levels hover near $4.69 billion, prompting management to prioritize active debt reduction strategies, asset divestitures of non-core operations, and cash flow deployment designed to accelerate a return toward its targeted historical leverage ratios.