The Hain Celestial Group Inc (HAIN)

Financial leverage 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
Total assets	US$ in thousands	2,117,550	2,149,230	2,233,630	2,216,900	2,258,640	2,272,820	2,438,160	2,416,990	2,458,380	2,441,480	2,485,370	2,142,260	2,205,910	2,239,890	2,265,600	2,199,730	2,188,450	2,236,140	2,284,940	2,236,430
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
Financial leverage ratio		2.25	2.28	2.24	2.26	2.22	2.26	2.20	2.32	2.27	2.13	1.97	1.59	1.45	1.49	1.56	1.53	1.52	1.55	1.50	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 fluctuations over the past several quarters. The ratio ranged from 1.45 to 2.32 during the period from September 2019 to June 2024, indicating changes in the company's level of debt relative to equity.

The ratio peaked at 2.32 in September 2022, reflecting a higher degree of financial leverage at that time. Subsequently, the ratio decreased to 1.45 in December 2022, suggesting a significant decrease in the company's reliance on debt financing.

From December 2022 to June 2024, the financial leverage ratio remained relatively stable, fluctuating between 2.13 and 2.28. This indicates that the company's debt levels relative to equity have been moderately consistent during this period.

Overall, the trend in The Hain Celestial Group Inc's financial leverage ratio shows variations in the company's capital structure and debt management strategies over time. It is important for stakeholders to closely monitor these fluctuations to assess the company's risk profile and financial health.