Pilgrims Pride Corp (PPC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 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 | 2,525,660 | 2,319,860 | 2,263,350 | 2,134,600 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,331,370K)
= 0.00
The debt-to-capital ratio of Pilgrim`s Pride Corp. has fluctuated between 0.51 and 0.56 over the past eight quarters. This ratio reflects the proportion of the company's capital that is financed by debt. A decreasing trend in the debt-to-capital ratio indicates a lower reliance on debt financing, which could lead to a stronger financial position and less financial risk. Conversely, an increasing trend implies a higher level of debt relative to capital, which may increase financial risk and interest expense.
Based on the data provided, the company's debt-to-capital ratio has shown stability around the 0.55 mark in recent quarters. This indicates a consistent level of debt relative to its total capital structure. It is essential for investors and stakeholders to monitor this ratio over time to assess the company's financial leverage and risk profile. Additionally, comparing this ratio with industry benchmarks and peer companies can provide further insights into Pilgrim`s Pride Corp.'s capital structure efficiency and financial health.
Peer comparison
Dec 31, 2023