Performance Food Group Co (PFGC)
Debt-to-equity ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,126,900 | 3,745,500 | 3,299,500 | 2,106,100 | 2,010,600 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $4,126,900K
= 0.00
Performance Food Group Co consistently maintained a debt-to-equity ratio of 0.00 from June 30, 2020, through June 30, 2024. This implies that the company did not have any debt in its capital structure during this period and relied solely on equity financing for its operations and expansion. A debt-to-equity ratio of zero typically indicates a conservative financial strategy with a lower financial risk, as there is no debt to repay and no associated interest expenses. While this shows financial stability and strength, it may also suggest missed opportunities for leveraging debt to potentially enhance returns. Overall, the consistently low debt-to-equity ratio reflects a prudent approach to financial management by Performance Food Group Co.
Peer comparison
Jun 30, 2024