Pilgrims Pride Corp (PPC)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,206,110 | 3,340,840 | — | — | — |
| Total assets | US$ in thousands | 10,650,600 | 9,810,360 | 9,255,770 | 8,913,200 | 7,474,500 |
| Debt-to-assets ratio | 0.30 | 0.34 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,206,110K ÷ $10,650,600K
= 0.30
The debt-to-assets ratio for Pilgrims Pride Corp has been consistently low over the years 2020 to 2022, remaining at 0.00, indicating that the company's assets were primarily financed by equity during this period. However, there was a notable increase in the ratio in 2023 to 0.34, suggesting that the company started to rely more on debt financing to support its assets. In 2024, the ratio decreased slightly to 0.30, indicating a slight improvement in the company's debt management compared to the previous year. Overall, while the recent increase in the debt-to-assets ratio in 2023 might raise some concern about the company's increasing reliance on debt, the subsequent decrease in 2024 could be seen as a positive sign of improved debt management. It would be essential to monitor this ratio in the future to assess the company's overall financial health and leverage position.
Peer comparison
Dec 31, 2024