Bellring Brands LLC (BRBR)

Debt-to-capital 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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
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	683,900	756,400	723,800
Total stockholders’ equity	US$ in thousands	-205,900	-243,200	-247,700	-286,900	-323,500	-364,700	-363,100	-370,300	-376,200	-389,600	-428,800	-2,827,800	-3,062,800	-3,155,000	-2,435,200	-2,499,700	-2,182,600	-2,136,700	-1,863,200	-2,278,200
Debt-to-capital ratio		1.33	1.41	1.42	1.53	1.61	1.67	1.60	1.64	1.68	1.74	1.84	—	—	—	—	—	—	—	—	—

September 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $833,100K ÷ ($833,100K + $-205,900K)
= 1.33

The debt-to-capital ratio of Bellring Brands LLC has been fluctuating over the recent quarters, ranging from 1.33 to 1.84. This ratio indicates the proportion of the company's capital that is financed through debt, with higher ratios suggesting a higher reliance on debt financing. The trend of increasing ratios over time may indicate a growing debt burden relative to the company's capital structure. It is important for stakeholders to closely monitor this ratio to assess the company's financial leverage and ability to meet its debt obligations.