Fresh Del Monte Produce Inc (FDP)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,896,300 | 2,030,300 | 2,029,400 | 1,940,400 | 1,904,700 | 1,887,800 | 1,861,400 | 1,852,900 | 1,802,300 | 1,810,400 | 1,824,900 | 1,787,800 | 1,728,000 | 1,718,100 | 1,695,200 | 1,686,500 | 1,719,200 | 1,741,000 | 1,743,400 | 1,724,500 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,896,300K
= 0.00
The debt-to-equity ratio of Fresh Del Monte Produce Inc has consistently been reported as 0.00 across the various reporting periods provided. This indicates that the company has not utilized any debt to finance its operations and growth, relying solely on equity financing. A debt-to-equity ratio of 0.00 signifies that the company has no debt obligations relative to its equity, reflecting a conservative financial structure. This may suggest that Fresh Del Monte Produce Inc has a strong financial position and may be viewed favorably by investors and creditors due to its low leverage levels. However, it is important to note that a lack of debt may also limit the company's ability to benefit from potential tax advantages associated with debt financing and may constrain its ability to undertake large-scale expansion or investment opportunities.
Peer comparison
Dec 31, 2023