The Hain Celestial Group Inc (HAIN)

Debt-to-assets 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
Long-term debt	US$ in thousands	—	—	—	—	821,181	—	—	—	880,938	—	—	345,414	230,492	255,540	293,332	289,042	281,118	363,526	324,864	323,386
Total assets	US$ in thousands	2,117,550	2,149,230	2,233,630	2,216,900	2,258,640	2,272,820	2,438,160	2,416,990	2,458,380	2,441,480	2,485,370	2,142,260	2,205,910	2,239,890	2,265,600	2,199,730	2,188,450	2,236,140	2,284,940	2,236,430
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.36	0.00	0.00	0.00	0.36	0.00	0.00	0.16	0.10	0.11	0.13	0.13	0.13	0.16	0.14	0.14

June 30, 2024 calculation

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

The debt-to-assets ratio for The Hain Celestial Group Inc fluctuated over the past several quarters. The ratio was consistently low or at zero for most periods, indicating that the company had minimal debt relative to its total assets during those times.

However, there were a few quarters where the ratio increased significantly, notably reaching 0.36 in June 2022 and December 2019. This suggests that the company took on more debt compared to its assets during those periods.

Overall, the trend shows that The Hain Celestial Group Inc has generally maintained a conservative debt-to-assets ratio, but it is important to monitor any significant increases in the future as higher levels of debt could potentially lead to increased financial risk for the company.