Performance Food Group Co (PFGC)
Solvency ratios
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 3.25 | 3.34 | 3.75 | 3.73 | 3.84 |
Performance Food Group Co has shown consistent and strong solvency ratios over the five-year period from June 30, 2020, to June 30, 2024. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio are all reported as 0.00 for each year, indicating that the company has no debt relative to its total assets, capital, or equity during this period.
The Financial leverage ratio, which measures the proportion of debt in a company's capital structure, decreased steadily from 3.84 in June 2020 to 3.25 in June 2024. This suggests that Performance Food Group Co has been able to reduce its reliance on debt financing over time, which is generally positive for the company's long-term financial stability.
Overall, the solvency ratios indicate that Performance Food Group Co has maintained a strong financial position with minimal debt levels, demonstrating a relatively low financial risk and a solid ability to meet its financial obligations in the future.
Coverage ratios
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 3.57 | 3.50 | 1.91 | 1.36 | -0.90 |
Performance Food Group Co's interest coverage ratio has shown significant improvement over the past few years. In June 2020, the company had an interest coverage ratio of -0.90, indicating that the company's operating income was insufficient to cover its interest expenses. However, by June 2024, the interest coverage ratio had improved to 3.57, demonstrating that the company's operating income was 3.57 times higher than its interest expenses.
Overall, the trend in Performance Food Group Co's interest coverage ratio reflects a positive development, as the company has been able to generate more income to cover its interest obligations over time. This improvement suggests increased financial stability and a lower risk of defaulting on debt payments.