Post Holdings Inc (POST)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 3,842,100 | 3,254,000 | 2,742,400 | 2,854,500 | 2,925,900 |
| Debt-to-capital ratio | 0.61 | 0.65 | 0.70 | 0.71 | 0.71 |
September 30, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $6,039,000K ÷ ($6,039,000K + $3,842,100K)
= 0.61
The debt-to-capital ratio for Post Holdings Inc has exhibited a downward trend over the past five years, declining from 0.71 in 2019 to 0.61 in 2023. This indicates an improvement in the company's ability to manage its debt relative to its total capital. The decreasing trend suggests that the company has been reducing its reliance on debt financing in relation to its total capital, which may be viewed positively by investors and creditors. This could indicate a strengthened financial position and reduced risk of financial distress. Overall, the decreasing trend in the debt-to-capital ratio reflects a favorable trend in the company's capital structure and financial leverage.
Peer comparison
Sep 30, 2023