Fresh Del Monte Produce Inc (FDP)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 1.68 | 1.65 | 1.66 | 1.77 | 1.82 | 1.80 | 1.82 | 1.89 | 1.89 | 1.87 | 1.85 | 1.91 | 1.89 | 1.91 | 1.94 | 2.01 | 1.95 | 1.92 | 1.96 | 2.04 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,184,100K ÷ $1,896,300K
= 1.68
Fresh Del Monte Produce Inc's financial leverage ratio has shown some fluctuation over the past few quarters, ranging from 1.65 to 2.04. The ratio indicates that the company relies on debt to finance a portion of its operations and investments. A financial leverage ratio above 1 suggests that the company has more debt than equity in its capital structure.
The trend of the financial leverage ratio over the quarters shows some variation, with a general increasing trend observed from the end of 2019 to the beginning of 2021, peaking at 2.04 in March 2021. Subsequently, there was a slight decrease before another increase in the ratio, reaching 1.94 in March 2020 and surpassing 2.00 again by the end of 2020.
Overall, the financial leverage ratio for Fresh Del Monte Produce Inc has been relatively high compared to a ratio of 1, indicating that the company has a significant level of debt in its capital structure. It is important for investors and stakeholders to monitor the trend of this ratio, as significant changes could impact the company's financial health and risk profile.
Peer comparison
Dec 31, 2023