Pilgrims Pride Corp (PPC)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 9,810,360 | 9,927,820 | 9,922,510 | 9,227,500 | 9,255,770 | 9,079,010 | 9,322,930 | 9,317,870 | 8,913,200 | 8,832,840 | 7,748,840 | 7,480,760 | 7,474,500 | 7,469,500 | 7,156,580 | 7,251,980 | 7,102,360 | 6,603,130 | 6,527,920 | 6,372,930 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 for Pilgrim's Pride Corp. has been relatively stable over the past eight quarters, ranging from 0.35 to 0.38. This ratio indicates the proportion of the company's assets that are financed through debt.
A decreasing trend in the debt-to-assets ratio over time can suggest that the company is becoming less reliant on debt to finance its operations and investments, which can be viewed positively by investors and creditors as it implies lower financial risk.
However, it's important to note that the absolute values of the debt-to-assets ratio should be compared to those of industry peers for a more meaningful assessment of Pilgrim's Pride Corp.'s leverage position. Additionally, further analysis of the company's debt structure, liquidity position, and profitability is recommended to gain a more comprehensive understanding of its overall financial health.
Peer comparison
Dec 31, 2023