Performance Food Group Co (PFGC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 3,745,500 | 3,299,500 | 2,106,100 | 2,010,600 | 1,298,200 |
| Debt-to-capital ratio | 0.48 | 0.54 | 0.52 | 0.53 | 0.48 |
June 30, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,460,100K ÷ ($3,460,100K + $3,745,500K)
= 0.48
Performance Food Group Co's debt-to-capital ratio has shown some fluctuation over the past five years.
In the most recent fiscal year ending June 30, 2023, the debt-to-capital ratio decreased to 0.48 from 0.54 in the previous year. This indicates that the company relied less on debt financing relative to its total capital structure in the latest period.
Comparing the current ratio to the figures from three and four years ago, it can be observed that the company's debt-to-capital ratio has been relatively stable, hovering around the 0.50 mark. This suggests a consistent approach to managing the company's capital structure over this period.
Furthermore, when looking at the debt-to-capital ratio for the latest year in comparison to five years ago, there is overall consistency as the ratio remains at the same level of 0.48. This implies that Performance Food Group Co has maintained a relatively balanced mix of debt and equity in its capital structure over the past half-decade.
In summary, although there have been fluctuations in the debt-to-capital ratio of Performance Food Group Co over the past five years, the company has generally managed to keep this ratio within a reasonable range, indicating a stable and prudent approach to financing its operations.
Peer comparison
Jun 30, 2023