Performance Food Group Co (PFGC)
Debt-to-assets ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 2,212,100 | 1,202,900 |
| Total assets | US$ in thousands | 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 | 6,163,000 | 4,653,500 |
| Debt-to-assets ratio | 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 | 0.36 | 0.26 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,215,400K ÷ $12,873,900K
= 0.25
Performance Food Group Co's debt-to-assets ratio has fluctuated over the past few quarters, ranging from 0.25 to 0.40. A lower debt-to-assets ratio indicates a lower proportion of the company's assets being financed by debt, which can be viewed as a positive sign of financial health and stability.
The trend in the debt-to-assets ratio over the observed period seems to have peaked at 0.40 in the first quarter of 2020 and has since fluctuated around the 0.30 mark. This may suggest that the company has been managing its debt levels in relation to its assets, without taking on excessive leverage.
It is important to note that the debt-to-assets ratio should be interpreted in conjunction with other financial metrics and factors to get a comprehensive understanding of Performance Food Group Co's overall financial position and management of leverage.
Peer comparison
Mar 31, 2024