Hanesbrands Inc (HBI)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 3,429,380 | 4,106,080 | 4,042,150 | 3,975,720 | 3,224,560 | 3,620,170 | 3,669,250 | 3,641,690 |
| 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 |
| Current ratio | 1.64 | 1.57 | 1.67 | 1.72 | 1.75 | 1.71 | 1.70 | 1.60 | 1.52 | 1.62 | 1.60 | 1.64 | 1.61 | 2.02 | 2.01 | 2.19 | 1.82 | 1.73 | 1.76 | 1.66 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,276,220K ÷ $1,390,570K
= 1.64
The current ratio of Hanesbrands Inc has shown some fluctuations over the past few quarters. The current ratio is a measure of a company's ability to meet its short-term obligations with its current assets.
The ratio for Hanesbrands Inc has ranged from a low of 1.52 to a high of 2.19 over the last 20 quarters. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting it is in a strong position to cover its short-term debts.
While the current ratio has generally been above 1, indicating a healthy financial position, it is important to note that the ratio has trended downwards recently, from a peak of 2.19 in March 2020 to the current ratio of 1.64 in December 2023. This may indicate a potential decrease in liquidity or an increase in short-term debt obligations.
Overall, the current ratio of Hanesbrands Inc, although fluctuating, is generally at a level that suggests the company is able to meet its short-term obligations. It is important for investors and stakeholders to monitor this ratio over time to assess the company's liquidity and financial health.