Bellring Brands LLC (BRBR)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 | — | — | — | — | — | — |
| Debt-to-equity ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
The solvency ratios of Bellring Brands LLC, as indicated by the debt-to-assets ratio, have shown a consistent upward trend from September 2020 to September 2024, increasing from 1.08 to 1.00. This signifies a rise in the proportion of the company's assets financed by debt.
Similarly, the debt-to-capital ratio has also displayed an increasing trend over the same period, rising from 1.04 to 1.33. This ratio reflects the percentage of the company's capital structure funded by debt.
However, information regarding the debt-to-equity ratio and financial leverage ratio is not provided for analysis.
In summary, the rising trends in both the debt-to-assets and debt-to-capital ratios may indicate a growing reliance on debt financing by Bellring Brands LLC, potentially highlighting a higher level of financial risk and leverage within the company's capital structure.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 6.65 | 5.90 | 5.07 | 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 |
Interest coverage for Bellring Brands LLC has shown a consistent improvement over the past few quarters, indicating the company's increasing ability to cover its interest expenses with its operating income. The trend reveals a positive financial performance, with the interest coverage ratio steadily increasing from 1.60 in the third quarter of 2020 to 6.65 in the third quarter of 2024. This improvement suggests that the company is becoming more efficient in generating earnings relative to its interest obligations. It demonstrates an enhanced capacity to meet its debt obligations, reducing the risk of financial distress. Bellring Brands LLC's upward trend in interest coverage reflects a positive financial health and ability to manage its interest payments effectively.