Fresh Del Monte Produce Inc (FDP)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,896,300 | 1,904,700 | 1,802,300 | 1,728,000 | 1,719,200 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,896,300K)
= 0.00
The debt-to-capital ratio for Fresh Del Monte Produce Inc has consistently been at 0.00 for the past five years from 2019 to 2023. This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 signifies that the company's capital is entirely financed by equity, suggesting a low risk of financial distress due to debt obligations. Fresh Del Monte Produce Inc's stable and consistent debt-to-capital ratio of 0.00 reflects a conservative financial strategy with a focus on avoiding debt and maintaining a strong equity base.
Peer comparison
Dec 31, 2023