Hanesbrands Inc (HBI)

Cash ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cash and cash equivalents	US$ in thousands	214,854	317,301	213,767	191,216	205,501	191,091	191,832	213,209	238,413	253,131	247,922	369,210	536,277	873,628	667,298	530,403	909,437	731,481	683,114	1,083,780
Short-term investments	US$ in thousands	—	—	23	23	23	22	17	10	—	—	—	—	—	—	—	—	—	—	901	2,873
Total current liabilities	US$ in thousands	1,248,540	1,575,460	1,566,480	1,459,440	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	2,103,370	2,022,750	2,002,250	1,789,070
Cash ratio		0.17	0.20	0.14	0.13	0.15	0.12	0.11	0.12	0.13	0.12	0.12	0.18	0.23	0.36	0.30	0.26	0.43	0.36	0.34	0.61

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($214,854K + $—K) ÷ $1,248,540K
= 0.17

The cash ratio of Hanesbrands Inc, a measure of its ability to cover its short-term liabilities with its cash and cash equivalents, has shown fluctuations over the reported periods. The cash ratio ranged between 0.11 and 0.61 during the analyzed timeframe. It experienced a declining trend from March 31, 2021, to June 30, 2022, dropping to its lowest point of 0.12. Subsequently, the ratio remained relatively stable before showing a slight improvement up to 0.20 by September 30, 2024. Overall, the cash ratio indicates the company's capacity to meet its short-term obligations with readily available cash and demonstrates its liquidity position over the given period.