Hanesbrands Balance Sheet Health
Financial Health criteria checks 1/6
Hanesbrands has a total shareholder equity of $149.3M and total debt of $3.3B, which brings its debt-to-equity ratio to 2193.3%. Its total assets and total liabilities are $5.5B and $5.3B respectively. Hanesbrands's EBIT is $490.8M making its interest coverage ratio 1.9. It has cash and short-term investments of $317.9M.
Key information
2,193.3%
Debt to equity ratio
US$3.28b
Debt
| Interest coverage ratio | 1.9x |
| Cash | US$317.90m |
| Equity | US$149.34m |
| Total liabilities | US$5.31b |
| Total assets | US$5.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HN9's short term assets ($2.3B) exceed its short term liabilities ($1.6B).
Long Term Liabilities: HN9's short term assets ($2.3B) do not cover its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: HN9's net debt to equity ratio (1980.4%) is considered high.
Reducing Debt: HN9's debt to equity ratio has increased from 311.5% to 2193.3% over the past 5 years.
Debt Coverage: HN9's debt is not well covered by operating cash flow (14.4%).
Interest Coverage: HN9's interest payments on its debt are not well covered by EBIT (1.9x coverage).