Pilgrims Pride Corp (PPC)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 2,040,830 | 1,877,980 | 1,317,090 | 870,820 | 697,748 | 899,460 | 730,980 | 150,687 | 400,988 | 654,213 | 682,126 | 725,540 | 427,661 | 511,084 | 391,805 | 367,015 | 547,624 | 768,031 | 507,442 | 511,183 |
| Short-term investments | US$ in thousands | 10,220 | 10,099 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,552,130 | 2,587,430 | 2,484,340 | 2,279,740 | 2,495,870 | 2,531,320 | 2,542,360 | 2,493,750 | 2,570,170 | 2,607,820 | 2,470,960 | 2,475,780 | 2,390,820 | 2,270,930 | 2,244,710 | 1,711,560 | 1,937,580 | 1,695,450 | 1,485,360 | 1,516,080 |
| Cash ratio | 0.80 | 0.73 | 0.53 | 0.38 | 0.28 | 0.36 | 0.29 | 0.06 | 0.16 | 0.25 | 0.28 | 0.29 | 0.18 | 0.23 | 0.17 | 0.21 | 0.28 | 0.45 | 0.34 | 0.34 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,040,830K
+ $10,220K)
÷ $2,552,130K
= 0.80
The cash ratio of Pilgrims Pride Corp provides insights into the company's ability to cover its current liabilities with cash and cash equivalents. The trend analysis of the cash ratio for the period from March 31, 2020, to December 31, 2024, shows fluctuations in the company's liquidity position.
The cash ratio remained relatively stable between March 2020 and September 2021, fluctuating between 0.17 and 0.45. However, by March 2022, the cash ratio improved to 0.29, indicating a better ability to cover short-term liabilities with cash on hand.
Subsequently, the cash ratio declined to 0.06 by March 2023, signaling a potential liquidity strain for the company. However, this was followed by a notable recovery, with the cash ratio increasing to 0.73 by September 2024, demonstrating a significant improvement in the company's liquidity position.
Overall, the trend analysis of Pilgrims Pride Corp's cash ratio suggests varying levels of liquidity over the period under review, with periods of both strengths and weaknesses in the company's ability to cover short-term obligations with cash. This indicates the importance of closely monitoring cash management and liquidity for the company moving forward.
Peer comparison
Dec 31, 2024