Fresh Del Monte Produce Inc (FDP)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,096,200 | 3,184,100 | 3,458,900 | 3,398,100 | 3,263,300 |
| Total stockholders’ equity | US$ in thousands | 1,990,500 | 1,896,300 | 1,904,700 | 1,802,300 | 1,728,000 |
| Financial leverage ratio | 1.56 | 1.68 | 1.82 | 1.89 | 1.89 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,096,200K ÷ $1,990,500K
= 1.56
The financial leverage ratio of Fresh Del Monte Produce Inc has shown a gradual decrease from 1.89 in December 2020 to 1.56 in December 2024. This indicates that the company has been reducing its reliance on debt to finance its operations and investments over the years. A lower financial leverage ratio is generally favorable as it signifies lower financial risk and greater financial stability. Fresh Del Monte Produce Inc's decreasing trend in the financial leverage ratio suggests a more conservative capital structure and improved financial health over the analyzed period.
Peer comparison
Dec 31, 2024