Performance Food Group Co (PFGC)
Debt-to-equity ratio
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 1,202,900 |
| Total stockholders’ equity | US$ in thousands | 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 | 1,298,200 |
| Debt-to-equity ratio | 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 | 0.93 |
March 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,215,400K ÷ $3,953,400K
= 0.81
Performance Food Group Co's debt-to-equity ratio has been fluctuating over the past few quarters. The trend shows an increase in leverage from the end of 2019 to mid-2020, with the ratio peaking at 1.75 in March 2020. However, there has been a subsequent decrease in leverage, reaching a low of 0.81 in March 2024.
The company's debt-to-equity ratio has shown some volatility, indicating changes in the capital structure and financial leverage over time. While a high debt-to-equity ratio can suggest a higher level of financial risk due to increased debt obligations, it can also indicate potential growth opportunities or financial leverage benefits.
Overall, the decreasing trend in the debt-to-equity ratio since mid-2020 suggests a potential shift towards a more conservative financing strategy or improved financial stability. However, continued monitoring of the trend and financial position of Performance Food Group Co is advisable to assess the impact on the company's overall financial health and solvency.
Peer comparison
Mar 31, 2024