The Hain Celestial Group Inc (HAIN)

Debt-to-equity 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-equity ratio		0.00	0.00	0.00	0.00	0.81	0.00	0.00	0.00	0.81	0.00	0.00	0.26	0.15	0.17	0.20	0.20	0.19	0.25	0.21	0.22

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 fluctuations over the past several quarters. The ratio was consistently at 0.00 from March 2023 to March 2024, indicating that there was either no debt or a minimal amount relative to equity during that period.

However, a sharp increase in the debt-to-equity ratio was observed in June 2022 and September 2022, reaching a level of 0.81. This indicates a significant increase in debt relative to equity during these quarters.

The ratio decreased in the following quarters but remained above zero. Notably, there were spikes in the ratio in December 2021 and March 2021, reaching 0.26 and 0.25, respectively, suggesting increased debt levels relative to equity in those periods.

Overall, the debt-to-equity ratio of The Hain Celestial Group Inc demonstrates variability, with some quarters showing higher levels of debt relative to equity. It is essential for stakeholders to monitor these fluctuations closely to assess the company's financial leverage and solvency risk.