The Hain Celestial Group Inc (HAIN)

Cash ratio

		Jun 30, 2024	Mar 31, 2024	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
Cash and cash equivalents	US$ in thousands	54,307	49,549	53,672	38,280	53,364	43,682	43,437	51,794	65,512	57,808	77,202	28,962	75,871	53,014	46,813	27,523	37,771	41,549	37,024	20,522
Short-term investments	US$ in thousands	—	7,470	6,442	8,964	8,649	6,217	2	277	560	603	598	590	646	618	544	512	562	479	652	601
Total current liabilities	US$ in thousands	281,503	272,373	267,480	246,590	230,867	249,756	246,447	257,479	269,303	282,654	297,672	296,364	290,434	331,420	365,705	329,003	300,277	302,229	312,035	319,960
Cash ratio		0.19	0.21	0.22	0.19	0.27	0.20	0.18	0.20	0.25	0.21	0.26	0.10	0.26	0.16	0.13	0.09	0.13	0.14	0.12	0.07

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 fluctuation over the periods provided. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.

In the most recent period as of June 30, 2024, the cash ratio was 0.19, indicating that for every dollar of current liabilities, the company had $0.19 in cash and cash equivalents. The trend shows some variability, with the ratio ranging from a low of 0.07 on Dec 31, 2019, to a high of 0.27 on Jun 30, 2023.

Overall, the company's cash ratio has generally been above 0.15, suggesting that it has had a reasonable level of liquidity to meet its short-term obligations. However, management may want to monitor the ratio closely to ensure that it remains at a level that provides a comfortable buffer for any unexpected liquidity needs.