Pilgrims Pride Corp (PPC)
Current ratio
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 2,598,240 | 2,613,520 | 2,477,340 | 2,286,230 |
| Total current liabilities | US$ in thousands | 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 | 1,648,160 | 1,437,740 | 1,392,630 | 1,357,730 |
| Current ratio | 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 | 1.58 | 1.82 | 1.78 | 1.68 |
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 fluctuated over the past eight quarters, ranging from a low of 1.51 in Q4 2022 to a high of 1.75 in Q3 2023. The current ratio measures the company's ability to meet its short-term obligations with its current assets. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities.
The current ratio has shown some variability, but it appears to have generally been within a healthy range over the past two years, with values mostly above 1.5. This suggests that Pilgrim's Pride Corp. has been able to meet its short-term financial obligations comfortably.
However, it is important to note that a very high current ratio could indicate inefficiency in asset utilization, while a low ratio may raise concerns about the company's liquidity and ability to pay its short-term debts. Therefore, further analysis of other financial metrics and trends is necessary to get a more comprehensive understanding of the company's overall financial health.
Peer comparison
Dec 31, 2023