The Hain Celestial Group Inc (HAIN)

Quick 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	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
Receivables	US$ in thousands	179,190	191,192	192,538	158,094	160,948	179,114	177,058	172,692	170,661	158,734	163,672	181,048	174,066	190,737	185,576	166,086	170,969	237,719	206,583	206,478
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
Quick ratio		0.83	0.91	0.94	0.83	0.97	0.92	0.89	0.87	0.88	0.77	0.81	0.71	0.86	0.74	0.64	0.59	0.70	0.93	0.78	0.71

June 30, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($54,307K + $—K + $179,190K) ÷ $281,503K
= 0.83

The quick ratio of The Hain Celestial Group Inc has shown some fluctuations over the past few quarters. The quick ratio measures the company's ability to meet short-term obligations with its most liquid assets, excluding inventory. A quick ratio of 1 or higher is generally considered healthy, indicating that the company has enough liquid assets to cover its short-term liabilities.

Looking at the data provided, the quick ratio ranged from 0.59 to 0.97 over the last several quarters. In general, the quick ratio has been somewhat volatile, with fluctuations up and down. A quick ratio below 1 may suggest that the company could potentially face challenges in meeting its short-term obligations without relying on selling its inventory.

It is important for stakeholders to monitor the trend of the quick ratio over time to assess the company's liquidity position and ability to manage short-term financial obligations effectively. The company may need to focus on improving its quick ratio to ensure it has an adequate cushion of liquid assets to cover its near-term liabilities.