Hanesbrands Inc (HBI)

Quick 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	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	—
Receivables	US$ in thousands	557,729	712,828	686,040	—	721,396	926,666	918,253	898,420	894,151	928,039	960,993	807,738	768,221	984,571	1,196,830	725,092	815,210	1,033,940	1,011,820	932,875
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
Quick ratio		0.55	0.55	0.51	0.12	0.54	0.57	0.57	0.61	0.61	0.75	0.72	0.67	0.79	0.84	0.93	1.00	0.65	0.65	0.61	0.55

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($205,501K + $—K + $557,729K) ÷ $1,390,570K
= 0.55

The quick ratio of Hanesbrands Inc has shown variability over the past several quarters. As of Dec 31, 2023, the quick ratio stands at 0.55, indicating that the company may face challenges in meeting its short-term obligations with its most liquid assets. The quick ratio remained relatively stable around 0.55 to 0.57 during the third and fourth quarter of 2023. However, the quick ratio significantly dropped to 0.12 in the first quarter of 2023, indicating a potential liquidity crunch during that period.

Looking back further, the quick ratio has generally been above 0.50, with fluctuations in the range of 0.55 to 0.79 from Dec 2020 to Jun 2022. The quick ratio peaked at 1.00 in the first quarter of 2020, suggesting a strong ability to cover short-term liabilities with highly liquid assets at that time.

Throughout the analyzed periods, the quick ratio seems to have followed a fluctuating trend. It is important for stakeholders to closely monitor the quick ratio in conjunction with other financial indicators to assess the company's overall liquidity position effectively.