The Hain Celestial Group Inc (HAIN)

Debt-to-equity 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-equity ratio		0.00	0.81	0.81	0.15	0.19

June 30, 2024 calculation

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

The debt-to-equity ratio of The Hain Celestial Group Inc has exhibited significant fluctuations over the past five years. In fiscal year 2020, the company had a relatively low debt-to-equity ratio of 0.19, indicating a conservative capital structure with a moderate level of debt in relation to equity.

However, in the following years, the ratio increased substantially to 0.15 in fiscal year 2021 and then surged to 0.81 in both 2022 and 2023, which could imply a significant increase in the company's debt levels relative to its equity.

Interestingly, the debt-to-equity ratio dropped sharply to 0.00 in fiscal year 2024, suggesting a scenario where the company may have significantly reduced its debt or increased its equity, resulting in a debt-free or an under-leveraged position.

Overall, the fluctuation in The Hain Celestial Group Inc's debt-to-equity ratio highlights potential shifts in the company's capital structure and financial leverage over the years, which could impact its financial stability, risk profile, and strategic decision-making.