The Hain Celestial Group Inc (HAIN)

Debt-to-assets ratio

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Long-term debt	US$ in thousands	—	821,181	880,938	230,492	281,118
Total assets	US$ in thousands	2,117,550	2,258,640	2,458,380	2,205,910	2,188,450
Debt-to-assets ratio		0.00	0.36	0.36	0.10	0.13

June 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,117,550K
= 0.00

The debt-to-assets ratio of The Hain Celestial Group Inc has shown a significant decrease over the past five years, from 0.36 in June 2020 to 0.00 in June 2024. This indicates that the company has reduced its reliance on debt to finance its assets. In June 2020 and June 2021, the company had a moderate level of debt compared to its total assets, with the ratio at 0.13 and 0.10 respectively, indicating a manageable level of leverage. However, the company successfully decreased its debt levels to zero in June 2024, which suggests a conservative financial strategy and reduced financial risk. This improvement in the debt-to-assets ratio reflects a healthier financial position and increased financial stability for The Hain Celestial Group Inc over the analyzed period.