The Hain Celestial Group Inc (HAIN)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	942,913	944,487	995,821	980,994	1,017,910	1,006,480	1,108,640	1,041,400	1,083,170	1,144,040	1,263,860	1,348,760	1,522,880	1,501,680	1,454,650	1,436,580	1,443,550	1,439,050	1,521,080	1,470,940
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.45	0.00	0.00	0.00	0.45	0.00	0.00	0.20	0.13	0.15	0.17	0.17	0.16	0.20	0.18	0.18

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 for The Hain Celestial Group Inc has shown fluctuations over the past few quarters. It was at 0.00 for the majority of the time but increased to 0.45 in September 2022 and then decreased back to 0.00 in the subsequent quarters. This sudden increase in September 2022 may indicate a change in the company's capital structure or debt obligations during that period.

In general, having a low debt-to-capital ratio signifies that the company relies less on debt financing and has a stronger capital base. However, it is essential to consider the industry norms and the company's specific circumstances when interpreting this ratio. The trend of the debt-to-capital ratio for The Hain Celestial Group Inc should be monitored to assess the company's financial leverage and risk management practices.