The Hain Celestial Group Inc (HAIN)

Financial leverage ratio

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Total assets	US$ in thousands	2,117,550	2,258,640	2,458,380	2,205,910	2,188,450
Total stockholders’ equity	US$ in thousands	942,913	1,017,910	1,083,170	1,522,880	1,443,550
Financial leverage ratio		2.25	2.22	2.27	1.45	1.52

June 30, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,117,550K ÷ $942,913K
= 2.25

The financial leverage ratio of The Hain Celestial Group Inc has shown some fluctuations over the past five years. The ratio was 2.25 in Jun 30, 2024, which indicates that the company has increased its reliance on debt financing to fund its operations compared to the previous year. In Jun 30, 2023, the ratio was slightly lower at 2.22.

The ratio peaked at 2.27 in Jun 30, 2022, signaling a higher level of debt relative to equity in the company's capital structure. This was a notable increase compared to the prior year. In Jun 30, 2021, the financial leverage ratio was 1.45, indicating a significant decrease in debt usage by the company. This suggests a lower level of financial risk and greater financial stability.

Furthermore, in Jun 30, 2020, the ratio was 1.52, which was higher than the previous year but lower compared to the peak in 2022. Overall, the trend in The Hain Celestial Group Inc's financial leverage ratio reflects fluctuating levels of debt in relation to equity over the past five years, highlighting potential shifts in the company's capital structure and financial risk profile.