Pilgrims Pride Corp (PPC)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,206,110 | — | — | — | 3,340,840 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 10,650,600 | 10,700,500 | 10,078,500 | 9,768,340 | 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 |
| Debt-to-assets ratio | 0.30 | 0.00 | 0.00 | 0.00 | 0.34 | 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, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,206,110K ÷ $10,650,600K
= 0.30
The debt-to-assets ratio of Pilgrims Pride Corp has been consistently low over the past years, indicating a minimal level of debt relative to the company's total assets. From March 31, 2020, to September 30, 2024, the company maintained a debt-to-assets ratio of 0.00, suggesting that the company primarily financed its operations through equity rather than debt during this period.
However, there was a slight increase in the debt-to-assets ratio to 0.34 as of December 31, 2023, which may indicate a relatively small amount of debt compared to the company's total assets but still represents a departure from the previous trend of no debt. The ratio decreased to 0.30 by December 31, 2024, showing a slight improvement in the company's debt management.
Overall, the low debt-to-assets ratios suggest that Pilgrims Pride Corp has maintained a conservative capital structure with limited reliance on external financing. Investors and stakeholders may view this positively as it indicates a lower financial risk and potentially more stability in the company's financial position.
Peer comparison
Dec 31, 2024