Performance Food Group Co (PFGC)
Debt-to-equity 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-equity ratio | 0.93 | 0.81 | 0.91 | 0.97 | 0.92 | 0.99 | 1.05 | 1.08 | 1.18 | 1.16 | 1.22 | 1.17 | 1.06 | 1.04 | 1.23 | 1.26 | 1.12 | 1.75 | 1.59 | 1.66 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,926,000K ÷ $4,208,200K
= 0.93
The debt-to-equity ratio of Performance Food Group Co has shown fluctuations over the past few quarters. As of September 30, 2024, the debt-to-equity ratio stands at 0.93, indicating that the company has more equity relative to its debt. This suggests that Performance Food Group Co relies less on debt financing and has a stronger equity base to support its operations and growth.
Compared to previous quarters, the trend in the debt-to-equity ratio has been mixed. The ratio was relatively stable around 1.0 in the earlier periods but has shown some improvement in recent quarters, indicating a decrease in debt relative to equity. This could be a positive sign as a lower debt-to-equity ratio generally signifies lower financial risk and better financial health.
However, it is worth noting that the debt-to-equity ratio has fluctuated above and below 1.0 over time, indicating varying levels of debt and equity financing in the company's capital structure. It is important for investors and stakeholders to monitor this ratio closely to assess the company's leverage and financial risk position.
Peer comparison
Sep 30, 2024