Hanesbrands Inc (HBI)

Solvency ratios

	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
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
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
Debt-to-equity ratio	7.72	12.08	10.07	10.57	9.07	5.42	5.09	4.27	4.73	5.70	6.49	7.53	4.59	3.46	3.69	4.85	2.63	3.10	3.58	3.88
Financial leverage ratio	13.45	21.58	18.05	18.95	16.33	10.52	9.95	8.80	10.07	11.72	12.95	14.43	9.48	7.11	7.53	9.12	5.95	6.91	7.65	8.39

The solvency ratios of Hanesbrands Inc, as reflected in the provided data, indicate the company's ability to meet its financial obligations and the extent of its debt relative to its assets and equity over the specified time periods.

The debt-to-assets ratio has remained relatively stable in recent quarters, hovering around the range of 0.47 to 0.57. This ratio suggests that approximately 47% to 57% of the company's assets are financed by debt, indicating a moderate level of leverage.

Similarly, the debt-to-capital ratio has shown consistency, with values ranging from 0.81 to 0.92. This ratio underscores that between 81% and 92% of Hanesbrands' capital structure comes from debt sources, implying a significant reliance on debt financing.

The debt-to-equity ratio has exhibited fluctuations, with values varying from 3.46 to 12.08. This ratio implies that Hanesbrands has experienced fluctuations in the proportion of debt to equity in its capital structure, reflecting changes in financial leverage over time.

The financial leverage ratio, indicating the extent to which the company is using debt financing, has displayed fluctuations from 5.95 to 21.58. This variation highlights changes in the company's financial leverage and signifies shifts in the risk associated with its capital structure.

In summary, Hanesbrands Inc has maintained a moderate to high level of leverage over the periods analyzed, with fluctuations in the proportion of debt to assets, capital, and equity. Monitoring these solvency ratios is essential for assessing the company's financial health and risk exposure.

Coverage ratios

	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
Interest coverage	1.04	0.99	1.46	2.21	3.31	5.62	10.07	19.61	64.83	18.18	14.18	13.18	3.69	56.82	68.57	75.67	82.91	95.25	93.47	92.70

The interest coverage ratio for Hanesbrands Inc has shown fluctuations over the periods analyzed. The ratio indicates the company's ability to meet its interest obligations with its operating profits.

From December 2019 to September 2022, the interest coverage ratio was consistently strong, above 10, indicating that the company had substantial operating income to cover its interest expenses. However, there was a significant decline in interest coverage from December 2022 to September 2023, with the ratio dropping below 3. This is a concerning trend as it suggests a potential strain on the company's ability to cover its interest payments with operating profits during these periods.

It is essential for investors and stakeholders to closely monitor Hanesbrands Inc's financial performance, particularly its ability to generate sufficient operating income to cover its interest expenses, to assess the company's financial health and sustainability in the long term.