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Hanesbrands Quick Ratio

: 0.69 (As of Jun. 2022)
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The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Hanesbrands's quick ratio for the quarter that ended in Jun. 2022 was 0.69.

Hanesbrands has a quick ratio of 0.69. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Hanesbrands's Quick Ratio or its related term are showing as below:

HBI' s Quick Ratio Range Over the Past 10 Years
Min: 0.64   Med: 0.92   Max: 1.56
Current: 0.69

During the past 13 years, Hanesbrands's highest Quick Ratio was 1.56. The lowest was 0.64. And the median was 0.92.

HBI's Quick Ratio is ranked worse than
69.06% of 1086 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.00 vs HBI: 0.69

Hanesbrands Quick Ratio Historical Data

The historical data trend for Hanesbrands's Quick Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Hanesbrands Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Quick Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.85 0.73 0.74 0.97 0.84

Hanesbrands Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Quick Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.93 0.94 0.84 0.72 0.69

Competitive Comparison

For the Apparel Manufacturing subindustry, Hanesbrands's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Hanesbrands Quick Ratio Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hanesbrands's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Hanesbrands's Quick Ratio falls into.



Hanesbrands Quick Ratio Calculation

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.

Hanesbrands's Quick Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Quick Ratio (A: Dec. 2021 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(3528.103-1584.015)/2327.053
=0.84

Hanesbrands's Quick Ratio for the quarter that ended in Jun. 2022 is calculated as

Quick Ratio (Q: Jun. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(3505.801-2090.711)/2059.965
=0.69

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Hanesbrands  (NYSE:HBI) Quick Ratio Explanation

The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.

In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.

The higher the quick ratio, the better the company's liquidity position.


Hanesbrands Quick Ratio Related Terms

Thank you for viewing the detailed overview of Hanesbrands's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Hanesbrands Business Description

Hanesbrands logo
Address
1000 East Hanes Mill Road, Winston-Salem, NC, USA, 27105
Hanesbrands manufactures basic and athletic apparel under brands including Hanes, Champion, Playtex, Maidenform, Bali, and Bonds. The company sells wholesale to discount, midmarket, and department store retailers as well as direct to consumers. Hanesbrands is vertically integrated as it produces more than 70% of its products in company-controlled factories in more than three dozen nations. Hanesbrands distributes products in the Americas, Europe, and Asia-Pacific. The company was founded in 1901 and is based in Winston-Salem, North Carolina.
Executives
Simon William S director 1000 DARDEN CENTER DRIVE ORLANDO FL 32837
Dastugue Michael officer: Chief Financial Officer 6501 LEGACY DRIVE PLANO TX 75024
Preston Tracy M officer: GC, Corp Sec and CCO 1000 E. HANES MILL ROAD WINSTON-SALEM NC 27105
Cavaliere Joseph W officer: Group Pres., Global Innerwear 1000 E. HANES MILL ROAD WINSTON-SALEM NC 27105
Beebe Cheryl K director CORN PRODUCTS INTERNATIONAL INC 5 WESTBROOK CORPORATE CENTER WESTCHESTER IL 60154
Hall Greg Leroy officer: Chief Consumer Officer 1000 E. HANES MILL ROAD WINSTON-SALEM NC 27105
Oliver Kristin L officer: Chief Human Resources Officer 11215 METRO PARKWAY FORT MYERS FL 33966
Bratspies Stephen B director, officer: Chief Executive Officer 1000 E. HANES MILL ROAD WINSTON-SALEM NC 27105
Bortolussi David L officer: President, Hanes Australasia 1000 E. HANES MILL ROAD WINSTON-SALEM NC 27105
Breig Geralyn director ONE OLD COUNTRY ROAD SUITE 500 CARLE PLACE NY 11514
Ram Jonathan officer: Group Pres., Global Activewear 1000 E. HANES MILL ROAD WINSTON-SALEM NC 27105
Hytinen Barry officer: Chief Financial Officer 1000 TEMPUR WAY LEXINGTON KY 40502
Lewis Markland Scott officer: Chief Accounting Officer 1000 EAST HANES MILL ROAD LEGAL DEPARTMENT WINSTON-SALEM NC 27105
Moison Franck J director C/O COLGATE PALMOLIVE CO 300 PARK AVE 15TH FL NEW YORK NY 10022
Singer David V director 13024 BALLANTYNE CORPORATE PL SUITE 900 CHARLOTTE NC 28277

Hanesbrands Headlines

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