Bellring Brands LLC (BRBR)

Debt-to-assets ratio

		Sep 30, 2024	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
Long-term debt	US$ in thousands	833,100	832,700	832,400	832,100	856,800	910,500	970,100	944,800	929,500	914,200	938,800	473,400	481,200	490,700	539,600	635,100	622,600
Total assets	US$ in thousands	837,000	804,100	765,000	715,500	691,600	722,400	772,500	735,000	707,200	715,100	657,700	600,600	696,500	685,400	639,300	680,800	653,500
Debt-to-assets ratio		1.00	1.04	1.09	1.16	1.24	1.26	1.26	1.29	1.31	1.28	1.43	0.79	0.69	0.72	0.84	0.93	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 shown fluctuations over the periods in consideration. The ratio has ranged from 0.69 to 1.43 over the past 20 periods. A higher ratio indicates that a larger proportion of the company's assets are funded by debt.

From December 2021 to March 2022, there was a significant increase in the debt-to-assets ratio from 0.79 to 1.43, suggesting a higher reliance on debt financing during that period. This increase was followed by a gradual decline, with the ratio decreasing to 0.72 by March 2022.

The ratio then began to increase again and peaked at 1.31 by September 2022 before experiencing some fluctuations in subsequent periods. Overall, the trend indicates that the company has been managing its debt levels, but the fluctuations in the ratio highlight a certain level of variability in the company's debt and asset structure over time.

It is essential to keep monitoring the debt-to-assets ratio to ensure that the company maintains a healthy balance between debt and assets to support its long-term financial stability and growth.