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

Company name
Symbol
Debt-to-equity ratio
Pilgrims Pride Corp
PPC
0.76
Tyson Foods Inc
TSN
0.00