Performance Food Group Co (PFGC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 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 | 1,333,100 |
| Debt-to-capital ratio | 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 | 0.62 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,926,000K ÷ ($3,926,000K + $4,208,200K)
= 0.48
The debt-to-capital ratio of Performance Food Group Co has shown some fluctuations over the past few quarters, ranging from 0.45 to 0.56. The ratio has generally been above 0.50, indicating that a significant portion of the company's capital structure is funded by debt rather than equity. This may suggest that the company relies heavily on borrowing to finance its operations and investments.
The slight fluctuations in the ratio over time could be attributed to changes in the company's debt levels and/or changes in its capital structure. A higher ratio, such as seen in some quarters, may indicate higher financial risk and potential difficulties in meeting debt obligations.
It is important for investors and stakeholders to monitor the trend of the debt-to-capital ratio over time to assess the company's financial health and its ability to manage debt effectively. Additionally, comparing the ratio with industry benchmarks and peers can provide further insights into the company's leverage position.
Peer comparison
Sep 30, 2024