Post Holdings Inc (POST)
Debt-to-assets ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,039,000 | 5,956,600 | 6,441,600 | 6,959,000 | 7,066,000 |
| Total assets | US$ in thousands | 11,646,700 | 11,308,000 | 12,414,700 | 12,146,700 | 11,951,600 |
| Debt-to-assets ratio | 0.52 | 0.53 | 0.52 | 0.57 | 0.59 |
September 30, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $6,039,000K ÷ $11,646,700K
= 0.52
The debt-to-assets ratio of Post Holdings Inc has shown a declining trend over the past five years, decreasing from 0.60 in 2019 to 0.52 in 2023. This ratio indicates the proportion of the company's assets financed by debt. A lower ratio suggests a lower reliance on debt to fund its assets, which may be viewed positively by investors and creditors as it reflects a lower risk of financial distress. However, it is important to consider this ratio in conjunction with other financial metrics to gain a comprehensive understanding of the company's financial health and leverage. Overall, the decreasing trend in the debt-to-assets ratio of Post Holdings Inc suggests a potential improvement in its financial leverage and risk management over the years.
Peer comparison
Sep 30, 2023