Pilgrims Pride Corp (PPC)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 1,004,330 | 1,067,650 | 1,045,860 | 1,049,410 | 1,129,180 | 1,151,440 | 1,163,420 | 1,237,370 | 1,097,210 | 1,115,160 | 1,184,220 | 1,071,100 | 1,013,440 | 889,586 | 866,476 | 800,838 | 741,992 | 706,123 | 694,845 | 754,246 |
| 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 |
| Quick ratio | 1.20 | 1.14 | 0.95 | 0.84 | 0.73 | 0.81 | 0.75 | 0.56 | 0.58 | 0.68 | 0.76 | 0.73 | 0.60 | 0.62 | 0.56 | 0.68 | 0.67 | 0.87 | 0.81 | 0.83 |
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 past years, ranging from a low of 0.56 on June 30, 2021, to a high of 1.20 on December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. With a quick ratio below 1.0, the company may have had difficulties covering its short-term liabilities with its quick assets in some periods. However, the quick ratio improved significantly towards the end of 2024, indicating a stronger ability to fulfill its short-term obligations. Investors and creditors may view a quick ratio above 1.0 favorably, as it suggests the company can cover its short-term liabilities comfortably.
Peer comparison
Dec 31, 2024