Bellring Brands LLC (BRBR)
Solvency ratios
| 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 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-capital ratio | 1.53 | 1.61 | 1.67 | 1.60 | 1.64 | 1.68 | 1.74 | 1.84 | — | — | — | — | — | — | — | — | — |
| Debt-to-equity ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
The solvency ratios of Bellring Brands Inc, based on the provided data for the past eight quarters, indicate a consistent trend of increasing debt levels relative to assets and capital. The debt-to-assets ratio rose from 1.16 in Q1 2024 to 1.31 in Q4 2022, suggesting that the company's reliance on debt to finance its assets has been steadily growing over time.
Similarly, the debt-to-capital ratio exhibited a similar pattern, increasing from 1.53 in Q1 2024 to 1.84 in Q2 2022. This ratio highlights the proportion of debt in the company's capital structure, indicating a higher level of financial leverage and potential risk associated with debt financing.
Notably, the data for the debt-to-equity ratio and financial leverage ratio are not provided, limiting the holistic assessment of the company's solvency position. However, based on the trends observed in the debt-to-assets and debt-to-capital ratios, it is evident that Bellring Brands Inc has been taking on increasing levels of debt relative to its assets and capital, which may raise concerns about its long-term financial stability and ability to meet its debt obligations.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 4.38 | 4.29 | 4.02 | 3.98 | 3.77 | 3.27 | 2.88 | 2.14 | 1.97 | 1.84 | 1.72 | 1.48 | 1.55 | 1.60 |
Bellring Brands Inc has maintained a relatively stable interest coverage ratio over the past eight quarters. The interest coverage ratio measures the company's ability to meet its interest expenses with its operating income.
The interest coverage ratios have ranged from a low of 3.98 in Q2 2023 to a high of 5.23 in Q2 2022. This indicates that the company has consistently generated sufficient operating income to cover its interest expenses over the period.
The slight fluctuations in the interest coverage ratios suggest that Bellring Brands Inc has managed its debt obligations well and has been able to consistently meet its interest payments without significant strain on its financial resources. Overall, the trend in the interest coverage ratio demonstrates the company's ability to manage its debt effectively and indicates a healthy financial position in terms of servicing its debt.