Performance Food Group Co (PFGC)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 5,691,200 | 3,926,000 | 3,215,400 | 3,502,000 | 3,710,500 | 3,460,100 | 3,532,400 | 3,679,500 | 3,664,000 | 3,908,800 | 3,721,100 | 3,846,800 | 3,669,700 | 2,240,500 | 2,149,100 | 2,507,800 | 2,551,400 | 2,249,300 | 3,186,400 | 2,188,400 |
| Total assets | US$ in thousands | 17,097,000 | 14,396,500 | 12,873,900 | 12,912,500 | 12,903,200 | 12,499,000 | 12,189,500 | 12,189,600 | 12,168,600 | 12,378,000 | 11,979,600 | 11,956,400 | 11,581,700 | 7,845,700 | 7,449,800 | 7,493,700 | 7,739,900 | 7,719,700 | 7,870,800 | 6,111,100 |
| Debt-to-assets ratio | 0.33 | 0.27 | 0.25 | 0.27 | 0.29 | 0.28 | 0.29 | 0.30 | 0.30 | 0.32 | 0.31 | 0.32 | 0.32 | 0.29 | 0.29 | 0.33 | 0.33 | 0.29 | 0.40 | 0.36 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $5,691,200K ÷ $17,097,000K
= 0.33
Performance Food Group Co's debt-to-assets ratio has shown some fluctuations over the past few years, ranging from 0.25 to 0.40. Generally, the trend indicates that the company's proportion of debt relative to its total assets has been decreasing gradually from March 2021 to March 2024, with the ratio reaching its lowest point of 0.25 at the end of March 2024.
The decrease in the debt-to-assets ratio suggests that Performance Food Group Co has been managing its debt levels effectively in relation to its asset base, potentially signaling a strengthening financial position. However, it's important to note that a low debt-to-assets ratio could also indicate underutilization of assets in generating revenue or potential missed opportunities for growth through leveraging.
Overall, while the decreasing trend in the debt-to-assets ratio is generally positive, further analysis of the company's overall financial health, profitability, and liquidity is needed to provide a comprehensive evaluation of its financial performance.
Peer comparison
Dec 31, 2024