Treehouse Foods Inc (THS)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,350,500 | 1,335,800 | 1,899,500 | 2,250,400 | 2,146,100 |
| Total stockholders’ equity | US$ in thousands | 1,664,800 | 1,687,000 | 1,845,400 | 1,865,000 | 1,830,900 |
| Debt-to-equity ratio | 0.81 | 0.79 | 1.03 | 1.21 | 1.17 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,350,500K ÷ $1,664,800K
= 0.81
The debt-to-equity ratio of Treehouse Foods Inc has exhibited fluctuations over the past five years, as shown in the data provided. The ratio was 0.84 as of Dec 31, 2023, and has shown a slight increase compared to the prior year's ratio of 0.83 as of Dec 31, 2022. This indicates that the company had a higher proportion of debt relative to equity in 2023.
In comparison to the ratios from previous years, the company's debt-to-equity ratio was 1.03 in 2021, 1.19 in 2020, and 1.15 in 2019. The decreasing trend from 2021 to 2023 suggests a positive direction as the company seems to be reducing its reliance on debt and improving its equity position.
Overall, the company's debt-to-equity ratio has shown variability over the years, indicating changes in its capital structure and financial leverage. It is important for stakeholders to monitor these trends to assess the company's financial risk and stability.
Peer comparison
Dec 31, 2023