Fresh Del Monte Produce Inc (FDP)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.56 | 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 |
Fresh Del Monte Produce Inc has consistently maintained a strong solvency position, as indicated by its low debt-to-assets, debt-to-capital, and debt-to-equity ratios, all of which have remained at 0.00 throughout the reported periods from March 2020 to December 2024.
Additionally, the company's financial leverage ratio has shown a decreasing trend over the same period, starting at 2.01 in March 2020 and gradually declining to 1.56 by December 2024. This indicates that Fresh Del Monte Produce Inc has been reducing its reliance on debt financing in relation to its equity, which is a positive sign of financial stability and lower financial risk.
Overall, the solvency ratios suggest that Fresh Del Monte Produce Inc has a strong financial position with minimal debt levels in relation to its assets, capital, and equity, and has effectively managed its leverage over the years.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 10.30 | 2.85 | 0.82 | 0.51 | 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 |
Fresh Del Monte Produce Inc's interest coverage ratio has shown fluctuations over the past years, ranging from a low of 0.51 in March 2024 to a high of 10.30 in December 2024. A higher interest coverage ratio indicates that the company is more capable of meeting its interest obligations from its operating earnings.
The interest coverage ratio is calculated by dividing the earnings before interest and taxes (EBIT) by the interest expense. A ratio below 1 indicates that the company is not generating enough earnings to cover its interest expenses, which can raise concerns about its ability to meet debt obligations.
Fresh Del Monte Produce Inc's interest coverage ratio has generally been above 1, indicating that the company has been able to cover its interest expenses with its operating earnings. However, the significant fluctuations in the ratio over the years suggest varying levels of financial stability and ability to service its debt.
Investors and creditors typically look at the interest coverage ratio to assess a company's ability to handle its debt obligations. A consistent and healthy interest coverage ratio is essential for demonstrating financial health and stability.