Hanesbrands Inc (HBI)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 205,501 | 191,091 | 191,832 | 213,209 | 238,413 | 253,131 | 247,922 | 369,210 | 536,277 | 873,628 | 667,298 | 530,403 | 900,615 | 716,921 | 556,099 | 1,069,490 | 328,876 | 317,024 | 257,941 | 287,080 |
| Short-term investments | US$ in thousands | — | 22 | 17 | 10 | — | — | — | — | — | — | — | — | — | 14,560 | 127,015 | 14,290 | 5,314 | 1,672 | 8,667 | — |
| Total current liabilities | US$ in thousands | 1,390,570 | 1,655,280 | 1,728,090 | 1,764,470 | 1,790,630 | 2,082,040 | 2,059,960 | 2,066,030 | 2,327,050 | 2,418,050 | 2,255,960 | 2,003,740 | 2,124,360 | 2,031,600 | 2,012,590 | 1,813,910 | 1,771,440 | 2,094,840 | 2,083,680 | 2,198,870 |
| Cash ratio | 0.15 | 0.12 | 0.11 | 0.12 | 0.13 | 0.12 | 0.12 | 0.18 | 0.23 | 0.36 | 0.30 | 0.26 | 0.42 | 0.36 | 0.34 | 0.60 | 0.19 | 0.15 | 0.13 | 0.13 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($205,501K
+ $—K)
÷ $1,390,570K
= 0.15
The cash ratio of Hanesbrands Inc has fluctuated over the past several quarters. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
Hanesbrands Inc's cash ratio has shown some variability, ranging from a low of 0.11 in June 2023 to a high of 0.60 in March 2020. The cash ratio has generally remained relatively stable between 0.12 and 0.18 in recent quarters, indicating the company's ability to meet its short-term obligations with its available cash.
The upward trend in the cash ratio from 0.13 in September 2021 to 0.36 in September 2022 demonstrated an improvement in the company's liquidity position. However, there was a notable decline in the cash ratio in the subsequent quarters, dropping to 0.15 in December 2023.
Overall, while the cash ratio of Hanesbrands Inc has shown some fluctuations, it is important to monitor this ratio closely to ensure the company maintains a strong liquidity position to meet its short-term obligations effectively.