The Hain Celestial Group Inc (HAIN)

Current 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
Total current assets	US$ in thousands	557,059	571,953	599,440	565,753	591,031	599,110	605,301	595,707	600,126	559,591	578,972	532,324	577,055	596,297	636,455	612,751	560,934	604,054	576,753	564,859
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
Current ratio		1.98	2.10	2.24	2.29	2.56	2.40	2.46	2.31	2.23	1.98	1.94	1.80	1.99	1.80	1.74	1.86	1.87	2.00	1.85	1.77

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 few quarters. The current ratio measures the company's ability to cover its short-term obligations with its current assets.

The current ratio has varied between 1.74 and 2.56 over the past 20 quarters. A ratio above 1 indicates that the company has more current assets than current liabilities, which is generally favorable.

In the most recent quarter, the current ratio was 1.98, indicating that the company had $1.98 in current assets for every $1 in current liabilities. This suggests that the company has a strong ability to meet its short-term obligations.

It is important to note that the current ratio can be influenced by various factors such as the company's liquidity management, operational efficiency, and changes in its working capital. It is advisable to assess the trend of the current ratio over time to get a better understanding of the company's liquidity position.