The Hain Celestial Group Inc (HAIN)

Cash ratio

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Cash and cash equivalents	US$ in thousands	54,307	53,364	65,512	75,871	37,771
Short-term investments	US$ in thousands	—	8,649	560	646	562
Total current liabilities	US$ in thousands	281,503	230,867	269,303	290,434	300,277
Cash ratio		0.19	0.27	0.25	0.26	0.13

June 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($54,307K + $—K) ÷ $281,503K
= 0.19

The cash ratio of The Hain Celestial Group Inc has shown some fluctuations over the past five years. The ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents. In Jun 2024, the cash ratio was 0.19, lower than the previous year's ratio of 0.27. This decrease may suggest a slight deterioration in the company's liquidity position. However, it is important to note that the company still maintains a relatively healthy level of cash reserves compared to its short-term obligations. Overall, while the cash ratio has varied over the years, The Hain Celestial Group Inc appears to have maintained a reasonable level of liquidity to meet its short-term financial obligations.