Performance Food Group Co (PFGC)
Debt-to-assets ratio
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 2,212,100 |
| Total assets | US$ in thousands | 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 | 6,163,000 |
| Debt-to-assets ratio | 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 | 0.36 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,926,000K ÷ $14,396,500K
= 0.27
The debt-to-assets ratio of Performance Food Group Co has shown some fluctuation over the past few quarters. As of Sep 30, 2024, the ratio was 0.27, indicating that 27% of the company's assets were financed by debt. This represents a slight increase from the ratio of 0.25 in Mar 31, 2024, and in line with the ratios seen in the previous quarters.
Looking back over the last several quarters, the ratio has generally ranged between 0.25 and 0.36, with occasional peaks and troughs. The company's debt-to-assets ratio has been relatively stable, hovering around the 0.30 mark in recent quarters.
A debt-to-assets ratio of 0.27 suggests that Performance Food Group Co relies more on equity financing rather than debt to fund its assets. This indicates a conservative approach to leverage, as the company is not overly reliant on debt to finance its operations and investments.
Overall, the trend in the debt-to-assets ratio for Performance Food Group Co shows a moderate level of leverage and a balanced capital structure. The company seems to be managing its debt levels prudently, maintaining a healthy mix of debt and equity financing to support its operations and growth.
Peer comparison
Sep 30, 2024