Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
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Over the 2021–2024 period TreeHouse Foods’ balance sheet shows a clear contraction: total assets fell from $5,207m in 2021 to $3,980m in 2024 (≈‑$1,227m, ‑23.6%). The largest single-year drop was 2021→2022 (≈‑18.3%), after which assets declined more gradually (~3–3.5% per year). Total liabilities declined even more sharply (from $3,361.6m to $2,431.1m, ≈‑$930.5m, ‑27.7%), driven mainly by the big reduction in 2022; liabilities were relatively stable after 2022. Stockholders’ equity also fell in absolute terms (from $1,845.4m to $1,548.9m, ≈‑$296.5m, ‑16.1%), with modest drops in later years following the larger 2021→2022 adjustment. Despite the absolute declines, the capital structure modestly improved: the liabilities-to-assets ratio moved from ~64.6% in 2021 to a trough near ~59.5% in 2023 and finished ~61.1% in 2024, while equity as a share of assets rose from ~35.4% to ~38.9%. That pattern is consistent with debt paydown or liability reduction outpacing asset rundown, implying some deleveraging even as the business shrank. Industry context (private-label food manufacturing) would make this consistent with post‑pandemic working-capital normalization, asset disposals or impairment and active balance-sheet repair after pandemic-driven volatility; however, the zeroes for 2025 appear to be missing data, and confirmation from the income statement and cash-flow details would be needed to explain whether equity declines reflect operating losses, buybacks, or accounting adjustments.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.