Post Holdings Inc (POST)

Solvency ratios

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
Debt-to-assets ratio 0.52 0.52 0.52 0.52 0.52 0.53 0.52 0.52 0.59 0.52 0.55 0.57 0.57 0.57 0.57 0.59 0.53 0.59 0.55 0.56
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
Debt-to-equity ratio 1.60 1.57 1.57 1.68 1.72 1.83 1.78 1.76 2.90 2.35 2.45 2.41 2.39 2.44 2.32 2.47 1.90 2.41 1.97 1.96
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

Post Holdings Inc's solvency ratios indicate its ability to meet its long-term obligations and manage its financial leverage. The debt-to-assets ratio has remained relatively consistent at around 0.52 to 0.53, showing that approximately 52% to 53% of the company's assets are financed by debt.

The debt-to-capital ratio has also been stable, ranging from 0.61 to 0.65, indicating that Post Holdings uses debt for approximately 61% to 65% of its total capital structure.

On the other hand, the debt-to-equity ratio has shown some fluctuations, with values ranging from 1.57 to 1.85 in the recent quarters. This ratio indicates that the company's creditors finance between 157% and 185% of its equity, displaying a varying degree of financial risk.

The financial leverage ratio has also exhibited variability, with values ranging from 3.01 to 3.48 in the past year. This ratio highlights the extent to which Post Holdings relies on debt financing to generate returns for shareholders.

Overall, while the company maintains a moderate level of debt in its capital structure, the fluctuations in some solvency ratios suggest changing levels of financial risk and the need for ongoing monitoring of its debt management strategies.

Coverage ratios

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
Interest coverage 2.38 2.44 2.57 2.88 4.30 3.65 3.26 2.49 1.29 1.68 1.84 2.04 0.86 0.94 0.55 0.49 1.22 1.37 1.67 1.91

Based on the data presented, Post Holdings Inc's interest coverage ratio has fluctuated over the past eight quarters. The interest coverage ratio measures the company's ability to meet its interest obligations from its operating profits. A higher ratio indicates that the company is more capable of servicing its debt.

In Q1 2024, the interest coverage ratio was 2.40, which indicates that the company generated operating profits 2.40 times higher than its interest expenses in that quarter. This signifies a strong ability to cover interest payments.

The interest coverage ratio declined slightly in Q4 2023 to 2.30, but it remained at a healthy level. However, further decreases were observed in Q3 2023 (1.91) and Q2 2023 (1.65), indicating a decrease in the company's ability to cover interest expenses from operating profits.

The interest coverage ratio was relatively weaker in Q1 2023 (1.33), Q4 2022 (1.10), Q3 2022 (1.17), and Q2 2022 (1.40), indicating that the company's operating profits were closer to its interest expenses during those periods.

Overall, the trend in Post Holdings Inc's interest coverage ratio shows some variability, with periods of stronger and weaker coverage. Investors and analysts should continue to monitor this ratio to assess the company's ability to meet its interest obligations in the future.