Fresh Del Monte Produce Inc (FDP)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| Debt-to-capital 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 |
| 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 |
| 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 |
Fresh Del Monte Produce Inc's solvency ratios, including the debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio, have consistently been at 0.00 across all reported periods. This indicates that the company has not used debt to finance its operations, which can be viewed positively as it implies a lower risk of financial distress due to debt obligations.
However, the financial leverage ratio has shown some variability over time, ranging from 1.65 to 2.04. The financial leverage ratio measures the proportion of a company's assets that are financed with debt, indicating the level of financial risk the company is exposed to. The increasing trend in the financial leverage ratio suggests that Fresh Del Monte Produce Inc has been relying more on debt financing relative to its equity over the years.
It is important for investors and stakeholders to monitor the financial leverage ratio closely to assess the company's ability to meet its debt obligations and the associated risk levels. The company may need to manage its debt levels effectively to maintain a healthy financial position and ensure long-term solvency.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 1.28 | 6.24 | 7.06 | 6.01 | 5.87 | 4.42 | 2.64 | 3.97 | 5.04 | 5.68 | 6.93 | 5.42 | 3.53 | 2.53 | 2.42 | 3.36 | 4.46 | 4.05 | 2.42 | 0.67 |
Fresh Del Monte Produce Inc's interest coverage ratio, which measures its ability to cover interest expenses with its operating income, has shown variability over the provided time periods.
The interest coverage ratio has ranged from a low of 0.67 to a high of 7.06 during the periods under review. Overall, the company's interest coverage seems to have improved in recent quarters compared to previous periods, indicating a stronger ability to meet its interest obligations.
A higher interest coverage ratio is generally seen as favorable, as it suggests the company is more capable of servicing its debt obligations. The company's current interest coverage ratios, particularly the values above 5 in the most recent quarters, indicate a relatively healthy financial position in terms of its ability to pay interest.
It's important to monitor this ratio over time to ensure that Fresh Del Monte Produce Inc can sustain its interest payments and manage its debt effectively.