Post Holdings Inc (POST)
Debt-to-capital ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,314,000 | 6,039,000 | 6,186,100 | 5,837,100 | 5,886,800 | 5,956,600 | 6,032,400 | 6,105,900 | 7,429,000 | 6,441,600 | 6,932,100 | 6,981,000 | 6,972,100 | 6,959,000 | 6,776,900 | 7,171,300 | 6,382,600 | 7,066,000 | 6,324,500 | 6,326,200 |
| Total stockholders’ equity | US$ in thousands | 3,944,000 | 3,842,100 | 3,950,000 | 3,473,000 | 3,428,300 | 3,254,000 | 3,395,000 | 3,476,500 | 2,566,100 | 2,742,400 | 2,833,900 | 2,901,200 | 2,920,700 | 2,854,500 | 2,916,300 | 2,907,100 | 3,357,800 | 2,925,900 | 3,206,100 | 3,233,900 |
| Debt-to-capital ratio | 0.62 | 0.61 | 0.61 | 0.63 | 0.63 | 0.65 | 0.64 | 0.64 | 0.74 | 0.70 | 0.71 | 0.71 | 0.70 | 0.71 | 0.70 | 0.71 | 0.66 | 0.71 | 0.66 | 0.66 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $6,314,000K ÷ ($6,314,000K + $3,944,000K)
= 0.62
The debt-to-capital ratio of Post Holdings Inc has been relatively stable over the past eight quarters, ranging from 0.61 to 0.65. This ratio indicates that, on average, the company's total debt accounts for approximately 61% to 65% of its total capital, which includes both debt and equity.
A debt-to-capital ratio of 0.62 in Q1 2024 suggests that the company's debt levels remain consistent with previous quarters. This ratio implies that Post Holdings relies more on debt financing, compared to equity, to fund its operations and growth opportunities.
Overall, the stability of the debt-to-capital ratio indicates that Post Holdings has maintained a consistent capital structure over the analyzed period. It is important for investors and stakeholders to monitor this ratio to assess the company's leverage and financial risk.
Peer comparison
Dec 31, 2023