Hanesbrands Inc (HBI)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,715,380 | 2,339,700 | 2,285,910 | 2,323,710 | 2,276,220 | 2,595,760 | 2,891,700 | 3,028,970 | 3,131,750 | 3,554,760 | 3,505,800 | 3,297,580 | 3,528,100 | 3,907,910 | 3,620,610 | 3,284,110 | 3,408,390 | 4,097,220 | 4,031,800 | 3,950,870 |
| 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 |
| Current ratio | 1.37 | 1.49 | 1.46 | 1.59 | 1.64 | 1.57 | 1.67 | 1.72 | 1.75 | 1.71 | 1.70 | 1.60 | 1.52 | 1.62 | 1.60 | 1.64 | 1.62 | 2.03 | 2.01 | 2.21 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,715,380K ÷ $1,248,540K
= 1.37
Hanesbrands Inc's current ratio has shown some fluctuations over the past few years. It stood at a healthy 2.21 as of March 31, 2020, indicating that the company had more than twice the current assets to cover its short-term liabilities. However, the ratio gradually decreased to 1.37 as of December 31, 2024.
A current ratio above 1 typically suggests the company is capable of covering its short-term obligations. In Hanesbrands' case, the declining trend in the current ratio could raise concerns about its liquidity position. Investors and creditors may monitor this ratio closely to assess the company's ability to meet its short-term financial commitments.
It would be advisable for Hanesbrands Inc to closely manage its current assets and liabilities to ensure the company maintains a healthy current ratio in the future.