Fresh Del Monte Produce Inc (FDP)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,184,100 | 3,458,900 | 3,398,100 | 3,263,300 | 3,349,900 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,184,100K
= 0.00
The debt-to-assets ratio for Fresh Del Monte Produce Inc has consistently been 0.00 over the past five years, indicating that the company has not utilized any debt to finance its assets during this period. This could suggest that Fresh Del Monte Produce Inc has a strong financial position and is not reliant on debt to fund its operations or expansion. However, it is important to note that a debt-to-assets ratio of 0.00 may also indicate conservative financial management or a missed opportunity to leverage debt for potential growth or investment opportunities. Further analysis of the company's capital structure and financial strategy would be necessary to fully understand the implications of this consistent ratio.
Peer comparison
Dec 31, 2023