Post Holdings Inc (POST)
Debt-to-equity 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-equity ratio | 1.57 | 1.83 | 2.35 | 2.44 | 2.41 |
September 30, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $6,039,000K ÷ $3,842,100K
= 1.57
The debt-to-equity ratio of Post Holdings Inc has experienced fluctuations over the past five years, indicating changes in the company's capital structure and financial leverage. As of September 30, 2023, the ratio stands at 1.57, reflecting a decrease from the previous year. This suggests a potential improvement in the company's financial risk as it indicates a lower reliance on debt relative to equity.
In the preceding years, the ratio displayed a mixed trend, with a notable increase from 2021 to 2022 followed by a slight decline in 2023. While the ratio has remained above 1 in each of the five years, indicating that the company has generally relied more on debt financing than equity, the recent decrease may signify a shift towards a more balanced capital structure.
Overall, the decreasing trend in the debt-to-equity ratio in recent years may indicate a potentially improved financial position in terms of leveraging, although further analysis would be necessary to fully understand the implications of this trend.
Peer comparison
Sep 30, 2023