Performance Food Group Co (PFGC)
Financial leverage ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 13,392,900 | 12,499,000 | 12,378,000 | 7,845,700 | 7,719,700 |
| Total stockholders’ equity | US$ in thousands | 4,126,900 | 3,745,500 | 3,299,500 | 2,106,100 | 2,010,600 |
| Financial leverage ratio | 3.25 | 3.34 | 3.75 | 3.73 | 3.84 |
June 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $13,392,900K ÷ $4,126,900K
= 3.25
The financial leverage ratio for Performance Food Group Co has exhibited a consistent downward trend over the past five years, decreasing from 3.84 as of June 30, 2020, to 3.25 as of June 30, 2024. This indicates that the company's reliance on debt to finance its operations has been decreasing over time. A lower financial leverage ratio suggests a lower level of financial risk, as the company is less dependent on borrowed funds to support its business activities. Overall, the declining trend in the financial leverage ratio reflects a positive development in Performance Food Group Co's capital structure and financial stability.
Peer comparison
Jun 30, 2024