Pilgrims Pride Corp (PPC)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,204,470 | 3,891,620 | 3,305,950 | 2,902,710 | 2,598,240 |
| Total current liabilities | US$ in thousands | 2,495,870 | 2,570,170 | 2,390,820 | 1,937,580 | 1,648,160 |
| Current ratio | 1.68 | 1.51 | 1.38 | 1.50 | 1.58 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,204,470K ÷ $2,495,870K
= 1.68
The current ratio of Pilgrim`s Pride Corp. has shown fluctuations over the past five years. The current ratio measures the company's ability to pay its short-term obligations with its current assets.
In 2023, the current ratio improved to 1.68 from 1.51 in 2022. This indicates that Pilgrim`s Pride Corp. had $1.68 in current assets for every $1 of current liabilities at the end of 2023, showing a healthier liquidity position compared to the previous year.
Although the current ratio has been volatile over the years, it generally remained above 1.0, suggesting that Pilgrim`s Pride Corp. was able to cover its short-term obligations. However, it's essential to monitor trends in the current ratio over time to assess the company's liquidity and financial health effectively.
Peer comparison
Dec 31, 2023