Pilgrims Pride Corp (PPC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 4,239,410 | 3,331,370 | 2,840,810 | 2,577,080 | 2,563,760 |
| Debt-to-capital ratio | 0.43 | 0.50 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,206,110K ÷ ($3,206,110K + $4,239,410K)
= 0.43
The debt-to-capital ratio of Pilgrims Pride Corp, a key indicator of financial leverage, has remained at 0.00 from December 31, 2020, to December 31, 2022. However, there was a notable increase in this ratio to 0.50 as of December 31, 2023, indicating a higher level of debt relative to the company's total capital. Subsequently, by December 31, 2024, the ratio improved slightly to 0.43, suggesting a moderation in the company's debt burden relative to its capital structure. It is essential for stakeholders to monitor this ratio closely, as significant fluctuations may point to changes in the company's financial risk and overall stability.
Peer comparison
Dec 31, 2024