Performance Food Group Co (PFGC)
Debt-to-assets ratio
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,460,100 | 3,908,800 | 2,240,500 | 2,249,300 | 1,202,900 |
| Total assets | US$ in thousands | 12,499,000 | 12,378,000 | 7,845,700 | 7,719,700 | 4,653,500 |
| Debt-to-assets ratio | 0.28 | 0.32 | 0.29 | 0.29 | 0.26 |
June 30, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,460,100K ÷ $12,499,000K
= 0.28
Performance Food Group Co's debt-to-assets ratio has fluctuated over the past five years, ranging from 0.26 to 0.32. A lower debt-to-assets ratio indicates a lower amount of debt relative to the company's total assets, suggesting a lower financial risk.
In 2023, the debt-to-assets ratio improved to 0.28 from 0.32 in 2022, indicating a reduction in debt relative to total assets. This may suggest that the company is effectively managing its debt levels or increasing its asset base.
However, it is important to note that the ratio has shown some volatility over the years, with minor changes from 0.29 in 2021 and 2020 to 0.26 in 2019. This could indicate fluctuations in the company's debt levels and asset structure over time.
Overall, Performance Food Group Co's debt-to-assets ratio indicates a moderate level of leverage, with the company maintaining a reasonable balance between debt and assets in its capital structure.
Peer comparison
Jun 30, 2023