Fresh Del Monte Produce Inc (FDP)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,096,200 | 3,156,900 | 3,109,100 | 3,200,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,990,500 | 1,991,200 | 1,954,100 | 1,911,700 | 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 |
| Financial leverage ratio | 1.56 | 1.59 | 1.59 | 1.67 | 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 |
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 been showing a decreasing trend over the past few years, from 2.01 in March 2020 to 1.56 in December 2024. This indicates that the company is relying less on debt financing compared to its equity, which can be seen as a positive sign in terms of financial risk management. By reducing its financial leverage ratio, the company is potentially enhancing its financial stability and reducing the risk of financial distress. Overall, the decreasing trend in the financial leverage ratio suggests that Fresh Del Monte Produce Inc is becoming less dependent on debt to fund its operations and investments.
Peer comparison
Dec 31, 2024