Fresh Del Monte Produce Inc (FDP)

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
Total assets US$ in thousands 3,184,100 3,348,600 3,372,500 3,443,100 3,458,900 3,395,500 3,395,700 3,501,800 3,398,100 3,387,700 3,375,000 3,423,400 3,263,300 3,281,400 3,294,200 3,396,300 3,349,900 3,345,100 3,418,600 3,511,400
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 remained consistently at 0.00 for all the periods listed in the table. A debt-to-assets ratio of 0.00 indicates that the company has no debt in relation to its total assets. This suggests that the company has been financing its operations primarily through equity rather than debt, which may indicate a strong financial position with lower financial risk. However, it's important to note that a low debt-to-assets ratio may also imply limited leverage, which could potentially restrict the company's ability to take advantage of growth opportunities or tax benefits associated with debt financing. Overall, the stability of the 0.00 debt-to-assets ratio over the periods indicates a consistent financial strategy of minimal debt usage by Fresh Del Monte Produce Inc.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-assets ratio
Fresh Del Monte Produce Inc
FDP
0.00
Corteva Inc
CTVA
0.06