Performance Food Group Co (PFGC)
Debt-to-equity 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-equity ratio | 1.34 | 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 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $5,691,200K ÷ $4,257,200K
= 1.34
Performance Food Group Co's debt-to-equity ratio has shown fluctuations over the past few years. Starting at 1.59 on December 31, 2019, the ratio increased to 1.75 by March 31, 2020. Subsequently, it decreased to 1.12 by June 30, 2020, indicating a reduction in debt relative to equity. The ratio then saw some fluctuations but generally stayed around the 1.0 to 1.2 range until December 31, 2022.
From March 31, 2023, there was a noticeable decline in the debt-to-equity ratio, which dropped to 0.81 by March 31, 2024. This decrease suggests a lower reliance on debt financing in relation to equity during this period. The ratio then slightly increased to 0.93 by September 30, 2024, before rising significantly to 1.34 by December 31, 2024.
Overall, the trend indicates that Performance Food Group Co has experienced varying levels of leverage over the years, with periods of high debt relative to equity followed by decreases in the ratio, suggesting potential shifts in the company's capital structure and financing decisions.
Peer comparison
Dec 31, 2024