Pilgrims Pride Corp (PPC)
Debt-to-equity 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-equity ratio | 0.76 | 1.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,206,110K ÷ $4,239,410K
= 0.76
The debt-to-equity ratio for Pilgrims Pride Corp remained stable at 0.00 from 2020 to 2022, indicating that the company had no debt during those years in relation to its equity. However, by December 31, 2023, the ratio increased to 1.00, suggesting that the company's debt level equalled its equity by the end of that year. Subsequently, by the end of December 31, 2024, the ratio decreased to 0.76, indicating a slight reduction in debt relative to equity compared to the previous year. Overall, the fluctuations in the debt-to-equity ratio highlight changes in the company's capital structure and leverage over the years in consideration.
Peer comparison
Dec 31, 2024