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.