Performance Food Group Co (PFGC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 4,257,200 | 4,208,200 | 3,953,400 | 3,861,700 | 3,828,300 | 3,745,500 | 3,581,700 | 3,496,500 | 3,400,700 | 3,299,500 | 3,204,500 | 3,160,900 | 3,123,500 | 2,106,100 | 2,057,700 | 2,046,900 | 2,020,700 | 2,010,600 | 1,823,200 | 1,378,500 |
| Debt-to-capital ratio | 0.57 | 0.48 | 0.45 | 0.48 | 0.49 | 0.48 | 0.50 | 0.51 | 0.52 | 0.54 | 0.54 | 0.55 | 0.54 | 0.52 | 0.51 | 0.55 | 0.56 | 0.53 | 0.64 | 0.61 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $5,691,200K ÷ ($5,691,200K + $4,257,200K)
= 0.57
Performance Food Group Co's debt-to-capital ratio has fluctuated over the analyzed period but generally remained within the range of 0.45 to 0.64. The ratio measures the proportion of the company's capital structure funded by debt, with a lower ratio indicating less dependence on debt financing.
The trend shows a decrease in the debt-to-capital ratio from 0.61 in December 2019 to 0.48 in June 2023, before experiencing a slight increase to 0.57 by December 2024. This suggests that the company may have increased its debt relative to its capital at the end of the period.
Overall, a debt-to-capital ratio of around 0.5 to 0.6 indicates a moderate reliance on debt financing, and investors typically consider both the trend in the ratio and the absolute level when assessing a company's financial health and risk profile. Performance Food Group Co's ratio movements should be further analyzed in conjunction with other financial metrics to gain a comprehensive understanding of its capital structure and financial performance.
Peer comparison
Dec 31, 2024