The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. The Hain Celestial Group's quick ratio for the quarter that ended in Dec. 2023 was 1.14.
The Hain Celestial Group has a quick ratio of 1.14. It generally indicates good short-term financial strength.
The historical rank and industry rank for The Hain Celestial Group's Quick Ratio or its related term are showing as below:
HAIN'
s Quick Ratio Range Over the Past 10 Years
Min: 0.82 Med: 1.19 Max: 1.83
Current: 1.14
During the past 13 years, The Hain Celestial Group's highest Quick Ratio was 1.83. The lowest was 0.82. And the median was 1.19.
HAIN's Quick Ratio is ranked better than 54.76% of 1910
companies
in the Consumer Packaged Goods industry
Industry Median: 1.03
vs HAIN: 1.14
The Hain Celestial Group Quick Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of The Hain Celestial Group's Quick Ratio
For the Packaged Foods subindustry, The Hain Celestial Group's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
The Hain Celestial Group's Quick Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, The Hain Celestial Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where The Hain Celestial Group's Quick Ratio falls into.
The Hain Celestial Group Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
The Hain Celestial Group's Quick Ratio for the fiscal year that ended in Jun. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The Hain Celestial Group (NAS:HAIN) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
The Hain Celestial Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of The Hain Celestial Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
The Hain Celestial Group (The Hain Celestial Group) Business Description
The Hain Celestial Group Inc makes better-for-you natural and organic food and personal-care products. Some of the company's majority-recognized U.S. brands (55% of fiscal 2022 sales) are Celestial Seasonings, Terra, Garden of Eatin', Sensible Portions, Greek Gods yogurt, and Earth's baby food. Hain also maintains several brands in the U.K. (26% of sales), such as Ella's Kitchen baby food, New Covent Garden soup, Linda McCartney's plant-based meats, Sun-Pat nut butter, and Hartley's jams and gelatins. Its products can be found in traditional grocery stores, natural foods supermarkets, specialty health stores, mass-market retailers, club warehouses, drugstores, convenience stores, restaurants, and e-commerce sites.
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