Pilgrims Pride Corp (PPC)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 9,810,360 | 9,255,770 | 8,913,200 | 7,474,500 | 7,102,360 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,810,360K
= 0.00
The debt-to-assets ratio of Pilgrim`s Pride Corp. has exhibited some fluctuations over the past five years. The ratio decreased from 0.34 in 2019 to 0.32 in 2020, indicating a lower proportion of debt relative to total assets. However, in subsequent years, the ratio increased to 0.37 in 2021, before decreasing to 0.35 in 2023.
A debt-to-assets ratio of 0.35 in 2023 suggests that 35% of Pilgrim`s Pride Corp.'s total assets are financed through debt, while the remaining 65% are financed through equity. This indicates a moderate level of leverage, which could be viewed as favorable by creditors as well as investors.
Overall, the trend in the debt-to-assets ratio of Pilgrim`s Pride Corp. indicates a relatively stable capital structure with a reasonable balance between debt and equity financing over the years. It is essential for investors and stakeholders to monitor this ratio to assess the company's financial risk management and solvency position.
Peer comparison
Dec 31, 2023