The Hain Celestial Group Inc (HAIN)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	942,913	1,017,910	1,083,170	1,522,880	1,443,550
Debt-to-capital ratio		0.00	0.45	0.45	0.13	0.16

June 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $942,913K)
= 0.00

The debt-to-capital ratio of The Hain Celestial Group Inc has shown fluctuations over the past five years. In June 2024, the company had a debt-to-capital ratio of 0.00, indicating that it had no debt relative to its total capital structure. This suggests a strong financial position with minimal reliance on debt financing.

In the previous years, the company's debt-to-capital ratio was 0.45 in both June 2023 and June 2022, indicating that 45% of its capital was attributed to debt. This level of leverage is considered moderate and can indicate a balanced approach to capital structure.

In June 2021, the debt-to-capital ratio decreased significantly to 0.13, implying a lower level of debt relative to total capital compared to the previous years. This could suggest a deleveraging strategy or a shift towards equity financing.

In June 2020, the debt-to-capital ratio was 0.16, slightly higher than in 2021 but still lower compared to 2023 and 2022. This may indicate some variability in the company's capital structure during that period.

Overall, the trend in The Hain Celestial Group Inc's debt-to-capital ratio shows fluctuations, but the recent decrease to 0.00 in June 2024 reflects a strong position with no debt in its capital structure, which could signify prudent financial management and reduced financial risk.