Pilgrims Pride Corp (PPC)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 2,040,830 | 697,748 | 400,988 | 427,661 | 547,624 |
| Short-term investments | US$ in thousands | 10,220 | 33,475 | — | — | — |
| Receivables | US$ in thousands | 1,004,330 | 1,129,180 | 1,097,210 | 1,013,440 | 741,992 |
| Total current liabilities | US$ in thousands | 2,552,130 | 2,495,870 | 2,570,170 | 2,390,820 | 1,937,580 |
| Quick ratio | 1.20 | 0.75 | 0.58 | 0.60 | 0.67 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,040,830K
+ $10,220K
+ $1,004,330K)
÷ $2,552,130K
= 1.20
The quick ratio of Pilgrims Pride Corp has shown fluctuations over the years, starting at 0.67 in December 31, 2020, and declining to 0.60 by December 31, 2021. The ratio further decreased to 0.58 as of December 31, 2022, indicating a potential liquidity challenge. However, there was an improvement in liquidity by December 31, 2023, with a quick ratio of 0.75, suggesting better ability to meet short-term obligations. The ratio significantly increased to 1.20 by December 31, 2024, surpassing the ideal threshold of 1, which may indicate strengthened liquidity and improved financial health. Overall, the quick ratio trend reflects varying levels of liquidity and the company's ability to cover immediate liabilities with its most liquid assets over the analyzed period.
Peer comparison
Dec 31, 2024