Hanesbrands Inc (HBI)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	419,353	274,036	347,960	339,526	398,264	674,884	712,171	779,416	702,493	636,569	562,190	484,481	813,958	1,149,530	1,079,320	873,571	1,236,600	1,118,090	1,025,390	932,991
Debt-to-capital ratio		0.89	0.92	0.91	0.91	0.90	0.84	0.84	0.81	0.83	0.85	0.87	0.88	0.82	0.78	0.79	0.83	0.72	0.76	0.78	0.79

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,235,640K ÷ ($3,235,640K + $419,353K)
= 0.89

The debt-to-capital ratio for Hanesbrands Inc has shown some fluctuation over the past few quarters. As of December 31, 2023, the ratio stands at 0.89, indicating that 89% of the company's capital structure is comprised of debt. This represents a slight decrease from the previous quarter but remains relatively high compared to historical levels. The trend in the debt-to-capital ratio over the past few quarters suggests that the company has been relying more on debt to finance its operations and investments. It is important for investors and creditors to closely monitor this ratio to assess the company's leverage and financial risk.