Fresh Del Monte Produce Inc (FDP)
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 | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,896,300 | 1,904,700 | 1,802,300 | 1,728,000 | 1,719,200 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,896,300K
= 0.00
The debt-to-equity ratio for Fresh Del Monte Produce Inc has consistently been 0.00 for the past five years, from 2019 to 2023. This indicates that the company has not utilized any debt to finance its operations during this period. A debt-to-equity ratio of 0.00 suggests that the company's operations are primarily funded by equity, which can be seen as a positive sign of financial stability and strength. Fresh Del Monte Produce Inc's consistent low debt-to-equity ratio indicates that it has not relied heavily on borrowing to support its business activities, which may reduce financial risk and interest payments. This conservative financial approach can be perceived as favorable by investors and creditors alike, as it signifies a lower level of leverage and potential financial distress.
Peer comparison
Dec 31, 2023