Pilgrims Pride Corp (PPC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 4,239,410 | 4,204,590 | 3,731,540 | 3,480,660 | 3,331,370 | 3,077,580 | 3,059,230 | 2,893,610 | 2,840,810 | 2,727,720 | 2,860,200 | 2,781,630 | 2,577,080 | 2,604,240 | 2,582,480 | 2,723,910 | 2,563,760 | 2,420,850 | 2,364,180 | 2,465,910 |
| Debt-to-capital ratio | 0.43 | 0.00 | 0.00 | 0.00 | 0.50 | 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-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 has been consistently low, at 0.00, for the periods from March 31, 2020, to June 30, 2024, indicating that the company has not used a significant amount of debt to finance its operations and investments relative to its total capital structure during these periods.
However, there was a slight increase in the debt-to-capital ratio to 0.50 as of December 31, 2023, and then a decrease to 0.43 by December 31, 2024. This indicates that there was a small increase in the proportion of debt in the company's capital structure at the end of 2023, which then decreased slightly by the end of 2024.
Overall, the company has maintained a conservative debt-to-capital ratio over the years, which suggests a lower financial risk as the company has not heavily relied on debt financing. The slight increase in the ratio by the end of 2023 and subsequent decrease by the end of 2024 may reflect strategic decisions related to capital structure management or specific events impacting the company's debt levels during those periods.
Peer comparison
Dec 31, 2024