Pilgrims Pride Corp (PPC)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,120,160 | 5,055,470 | 4,512,150 | 4,171,880 | 4,204,470 | 4,429,220 | 4,364,830 | 3,822,590 | 3,891,620 | 4,032,920 | 3,999,220 | 3,792,820 | 3,305,950 | 3,241,710 | 3,129,300 | 2,875,990 | 2,902,710 | 3,057,870 | 2,802,990 | 2,860,180 |
| 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 |
| Current ratio | 2.01 | 1.95 | 1.82 | 1.83 | 1.68 | 1.75 | 1.72 | 1.53 | 1.51 | 1.55 | 1.62 | 1.53 | 1.38 | 1.43 | 1.39 | 1.68 | 1.50 | 1.80 | 1.89 | 1.89 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,120,160K ÷ $2,552,130K
= 2.01
The current ratio of Pilgrims Pride Corp has exhibited fluctuations over the past few years. The ratio, which measures the company's ability to meet its short-term obligations with its current assets, stood at 1.89 as of both March 31, 2020, and June 30, 2020, indicating a relatively healthy liquidity position. However, there was a slight dip in the ratio to 1.80 as of September 30, 2020, before experiencing a more significant decline to 1.50 by December 31, 2020.
Subsequently, the company made efforts to strengthen its liquidity position as reflected in the increase in the current ratio to 1.68 as of March 31, 2021. However, the ratio experienced further fluctuations over the following quarters, reaching a low of 1.39 on June 30, 2021, before showing a slight improvement to 1.43 on September 30, 2021.
Despite these fluctuations, the current ratio displayed a relatively stable trend around 1.50 to 1.70 during the period from December 31, 2021, to June 30, 2023, indicating that the company generally maintained an adequate level of current assets to cover its short-term liabilities. Notably, the ratio improved to 1.95 as of September 30, 2024, and further to 2.01 by December 31, 2024, reflecting a strengthening liquidity position.
Overall, Pilgrims Pride Corp's current ratio demonstrated variability over the analyzed period, with the company showing efforts to manage its short-term obligations effectively and enhance its liquidity position to ensure financial stability.
Peer comparison
Dec 31, 2024