Bellring Brands LLC (BRBR)

Debt-to-assets ratio

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Long-term debt	US$ in thousands	833,100	856,800	929,500	481,200	622,600
Total assets	US$ in thousands	837,000	691,600	707,200	696,500	653,500
Debt-to-assets ratio		1.00	1.24	1.31	0.69	0.95

September 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $833,100K ÷ $837,000K
= 1.00

The debt-to-assets ratio of Bellring Brands LLC has fluctuated over the past five years. As of September 30, 2024, the ratio stands at 1.00, indicating that the company's total debt is equal to its total assets. This suggests that Bellring Brands' creditors have a claim on all of its assets. Comparing this to the previous year, there has been a decrease from 1.24 in September 2023, implying a reduction in the proportion of debt relative to assets.

Looking further back, the trend reveals some variations in the debt-to-assets ratio. In September 2022, the ratio was 1.31, indicating a higher level of debt compared to assets. The ratio dropped significantly to 0.69 in September 2021, suggesting a significant decrease in the company's debt relative to its assets. Prior to that, in September 2020, the ratio was 0.95, indicating a lower level of debt compared to assets compared to the most recent year.

The varying levels of the debt-to-assets ratio over the years indicate fluctuations in Bellring Brands' capital structure and the extent to which the company relies on debt financing. It is crucial for stakeholders to monitor this ratio closely as it provides insights into the company's financial risk and leverage position.