Hanesbrands Inc (HBI)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,235,640 | 3,310,260 | 3,504,280 | 3,588,940 | 3,612,080 | 3,655,890 | 3,627,200 | 3,325,040 | 3,326,090 | 3,626,550 | 3,647,480 | 3,649,630 | 3,739,430 | 3,972,210 | 3,985,630 | 4,236,960 | 3,256,870 | 3,467,590 | 3,671,070 | 3,615,490 |
| Total assets | US$ in thousands | 5,640,310 | 5,913,290 | 6,279,030 | 6,432,680 | 6,503,880 | 7,099,280 | 7,089,310 | 6,859,710 | 7,071,440 | 7,462,800 | 7,277,990 | 6,989,250 | 7,719,870 | 8,168,540 | 8,123,300 | 7,968,100 | 7,353,990 | 7,723,830 | 7,846,040 | 7,824,160 |
| Debt-to-assets ratio | 0.57 | 0.56 | 0.56 | 0.56 | 0.56 | 0.51 | 0.51 | 0.48 | 0.47 | 0.49 | 0.50 | 0.52 | 0.48 | 0.49 | 0.49 | 0.53 | 0.44 | 0.45 | 0.47 | 0.46 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,235,640K ÷ $5,640,310K
= 0.57
The debt-to-assets ratio of Hanesbrands Inc has shown a fluctuating trend over the past few years, ranging from as low as 0.44 to as high as 0.57. The ratio indicates the proportion of the company's assets that are financed by debt, with higher ratios suggesting a greater reliance on debt for funding operations.
From December 2019 to December 2023, the ratio has generally trended upwards, reaching a peak of 0.57 in December 2023 before slightly decreasing to 0.56 in September 2023. This increase may indicate a higher level of debt relative to the company's total assets, which can potentially pose higher financial risk due to increased interest obligations.
It is noteworthy that the ratio experienced significant fluctuations during this period, with some quarters showing more stability while others demonstrating more volatility. Overall, a closer examination of the company's debt structure and the reasons behind these fluctuations would be necessary to assess the impact on the company's financial health and risk profile accurately.