The Hain Celestial Group Inc (HAIN)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.36 | 0.00 | 0.00 | 0.00 | 0.36 | 0.00 | 0.00 | 0.16 | 0.10 | 0.11 | 0.13 | 0.13 | 0.13 | 0.16 | 0.14 | 0.14 |
| 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 |
| 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 |
| 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 |
The solvency ratios of The Hain Celestial Group Inc indicate its ability to meet its financial obligations and the extent of its leverage. The debt-to-assets ratio has shown some fluctuations over the periods, with values ranging from 0.00 to 0.36. This ratio suggests that the company has primarily financed its assets through equity rather than debt.
Similarly, the debt-to-capital and debt-to-equity ratios also demonstrate variations, with values fluctuating between 0.00 and 0.45 for the debt-to-capital ratio and between 0.00 and 0.81 for the debt-to-equity ratio. These ratios highlight the company's reliance on equity for capital structure rather than debt financing.
The financial leverage ratio, which measures the extent of a company's financial leverage, has also varied over time, ranging from 1.45 to 2.32. The increasing trend in the financial leverage ratio indicates that the company has been taking on more debt to finance its operations, which could potentially increase its financial risk.
Overall, the solvency ratios of The Hain Celestial Group Inc suggest a conservative approach to leverage, with a significant reliance on equity for funding its operations. However, the increasing trend in the financial leverage ratio warrants monitoring to ensure the company maintains a healthy balance between debt and equity financing.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | -0.33 | -0.33 | -2.33 | -2.02 | -1.87 | -2.33 | 3.39 | 5.16 | 8.33 | 14.13 | 17.89 | 16.09 | 12.41 | 9.10 | 5.05 | 5.86 | 7.71 | 1.98 | 1.43 | -0.07 |
The interest coverage ratio for The Hain Celestial Group Inc fluctuated significantly over the periods provided. In general, a declining trend in interest coverage ratio indicates that the company may have had difficulty meeting its interest payment obligations with its operating income during those periods. This can be concerning as it suggests potential financial strain and an increased risk of defaulting on debt.
Looking at the specific data points, there were several periods where the company's interest coverage ratio was negative, indicating that its operating income was insufficient to cover its interest expenses. This is a red flag for lenders and investors as it indicates a high level of financial risk.
However, there were also periods where the interest coverage ratio improved significantly, reaching levels well above 1. This implies that the company's operating income was sufficient to cover its interest expenses comfortably. Higher interest coverage ratios are generally viewed favorably as they suggest a lower risk of default.
Overall, it is important for The Hain Celestial Group Inc to closely monitor its interest coverage ratio and strive to maintain a healthy level to ensure financial stability and investor confidence.