Bellring Brands LLC (BRBR)

Debt-to-assets ratio

		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
Long-term debt	US$ in thousands	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	683,900	756,400	723,800
Total assets	US$ in thousands	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	659,900	725,600	670,900
Debt-to-assets ratio		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	1.04	1.04	1.08

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $832,100K ÷ $715,500K
= 1.16

Bellring Brands Inc's debt-to-assets ratio has fluctuated over the past eight quarters, ranging from a low of 1.16 in Q1 2024 to a high of 1.43 in Q2 2022. This ratio measures the proportion of the company's assets financed by debt, and a higher ratio indicates a higher level of financial leverage.

The decreasing trend in the debt-to-assets ratio from Q2 2022 to Q1 2024 suggests that the company has been reducing its reliance on debt to finance its assets over this period. This could be a positive sign, indicating better financial stability and lower risk of insolvency.

However, it is important to note that a debt-to-assets ratio above 1 indicates that the company has more debt than assets, which could be a concern for creditors and investors. Bellring Brands Inc should keep monitoring and managing its debt levels to ensure sustainable financial health and stability.