Performance Food Group Co (PFGC)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 14,396,500 | 12,873,900 | 12,912,500 | 12,903,200 | 12,499,000 | 12,189,500 | 12,189,600 | 12,168,600 | 12,378,000 | 11,979,600 | 11,956,400 | 11,581,700 | 7,845,700 | 7,449,800 | 7,493,700 | 7,739,900 | 7,719,700 | 7,870,800 | 6,111,100 | 6,163,000 |
| 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 |
| Financial leverage ratio | 3.42 | 3.26 | 3.34 | 3.37 | 3.34 | 3.40 | 3.49 | 3.58 | 3.75 | 3.74 | 3.78 | 3.71 | 3.73 | 3.62 | 3.66 | 3.83 | 3.84 | 4.32 | 4.43 | 4.62 |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $14,396,500K ÷ $4,208,200K
= 3.42
The financial leverage ratio of Performance Food Group Co has shown fluctuations over the past few quarters, ranging from 3.26 to 4.62. The ratio indicates the company's level of financial leverage, which is calculated by dividing total assets by total equity. A higher ratio implies higher financial leverage and greater reliance on debt financing.
The fluctuations in the financial leverage ratio suggest changes in the capital structure of the company over time. A decreasing trend in the ratio may indicate a reduction in debt levels relative to equity, potentially lowering financial risk but also limiting growth opportunities. Conversely, an increasing trend in the ratio may signal higher levels of debt relative to equity, which could lead to increased financial risk but also potentially higher returns on equity.
It is important for investors and stakeholders to closely monitor the financial leverage ratio of Performance Food Group Co to assess the company's risk profile and financial health. Additionally, management should consider the implications of the ratio on the company's overall capital structure and financing decisions.
Peer comparison
Sep 30, 2024