Treehouse Foods Inc (THS)
Debt-to-assets 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 | 1,350,500 | 1,475,900 | 1,539,300 | 1,394,700 | 1,335,800 | 1,782,300 | 1,775,400 | 1,814,900 | 1,899,500 | 1,912,200 | 1,943,600 | 1,963,800 | 2,250,400 | 2,257,600 | 2,122,200 | 2,212,800 | 2,146,100 | 2,214,200 | 2,311,300 | 2,337,500 |
| Total assets | US$ in thousands | 4,106,600 | 4,318,500 | 4,380,400 | 4,254,000 | 4,253,900 | 5,188,100 | 5,267,400 | 5,228,200 | 5,207,800 | 5,082,300 | 5,081,400 | 5,142,500 | 5,485,700 | 5,385,900 | 5,242,000 | 5,271,000 | 5,139,400 | 5,261,200 | 5,592,900 | 5,765,000 |
| Debt-to-assets ratio | 0.33 | 0.34 | 0.35 | 0.33 | 0.31 | 0.34 | 0.34 | 0.35 | 0.36 | 0.38 | 0.38 | 0.38 | 0.41 | 0.42 | 0.40 | 0.42 | 0.42 | 0.42 | 0.41 | 0.41 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,350,500K ÷ $4,106,600K
= 0.33
The debt-to-assets ratio of Treehouse Foods Inc has been relatively stable over the past eight quarters, ranging from 0.33 to 0.36. This ratio indicates the proportion of the company's assets that are financed by debt, with lower values suggesting lower financial risk.
Based on the data provided, the company has maintained a moderate level of debt relative to its assets, which can be seen as a positive sign of financial stability. However, it is important to consider the trend over time and compare it to industry benchmarks to get a more comprehensive understanding of the company's leverage position.
Overall, Treehouse Foods Inc's debt-to-assets ratio indicates a prudent level of debt financing, but further analysis and monitoring of this ratio in conjunction with other financial metrics would be necessary for a more thorough assessment of the company's financial health.
Peer comparison
Dec 31, 2023