Post Holdings Inc (POST)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 12,072,400 | 11,646,700 | 11,886,900 | 11,316,800 | 11,355,000 | 11,308,000 | 11,560,200 | 11,830,700 | 12,612,900 | 12,414,700 | 12,562,400 | 12,141,000 | 12,140,300 | 12,146,700 | 11,927,700 | 12,237,600 | 11,943,500 | 11,951,600 | 11,397,900 | 11,282,800 |
| 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 |
| Financial leverage ratio | 3.06 | 3.03 | 3.01 | 3.26 | 3.31 | 3.48 | 3.41 | 3.40 | 4.92 | 4.53 | 4.43 | 4.18 | 4.16 | 4.26 | 4.09 | 4.21 | 3.56 | 4.08 | 3.56 | 3.49 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $12,072,400K ÷ $3,944,000K
= 3.06
The financial leverage ratio of Post Holdings Inc has shown some fluctuations over the past few quarters. The ratio has ranged from a low of 3.01 in Q3 2023 to a high of 3.48 in Q4 2022. It appears to have increased in Q1 2023 and Q2 2023 before decreasing in subsequent quarters.
A high financial leverage ratio indicates that a company relies more on debt to finance its assets, which can increase financial risk. In contrast, a lower ratio suggests a more conservative capital structure with less reliance on debt.
Overall, the trend in Post Holdings Inc's financial leverage ratio indicates that the company's capital structure has fluctuated but has generally been on the higher side, suggesting a higher level of financial risk associated with the company's debt levels. It would be important for stakeholders to monitor this ratio closely to assess the company's ability to meet its financial obligations and manage its debt effectively.
Peer comparison
Dec 31, 2023