The Hain Celestial Group Inc (HAIN)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 557,059 | 591,031 | 600,126 | 577,055 | 560,934 |
| Total current liabilities | US$ in thousands | 281,503 | 230,867 | 269,303 | 290,434 | 300,277 |
| Current ratio | 1.98 | 2.56 | 2.23 | 1.99 | 1.87 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $557,059K ÷ $281,503K
= 1.98
The current ratio of The Hain Celestial Group Inc has exhibited fluctuations over the past five years. The ratio was highest at 2.56 in Jun 30, 2023, indicating that the company had $2.56 in current assets for every $1 of current liabilities. This signifies a strong ability to cover its short-term obligations. However, the current ratio decreased in subsequent years, hitting its lowest point at 1.87 in Jun 30, 2020. This decline suggests a potential weakening in the company's liquidity position during that period.
In the most recent year, as of Jun 30, 2024, the current ratio improved to 1.98, reflecting a slight increase in the company's short-term liquidity compared to the prior year. While the current ratio is below the peak observed in 2023, it still indicates that the company has almost twice as many current assets as current liabilities. This implies that The Hain Celestial Group Inc is in a relatively stronger position to meet its short-term financial obligations.
Overall, monitoring the current ratio trends can provide insights into the company's liquidity management and financial health over time.
Peer comparison
Jun 30, 2024