Pilgrims Pride Corp (PPC)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,331,370K
= 0.00
The debt-to-equity ratio of Pilgrim's Pride Corp. has shown some fluctuations over the past eight quarters. The ratio has ranged from 1.03 to 1.25 during this period.
In Q4 2023, the debt-to-equity ratio was at its lowest point of 1.03, indicating a lower level of debt relative to equity compared to previous quarters. This suggests that the company may have reduced its debt level or increased its equity during this period.
In contrast, the ratio increased to 1.23 in Q3 2023 and further to 1.24 in Q2 2023, indicating a higher reliance on debt financing compared to equity during these quarters.
Overall, the debt-to-equity ratio for Pilgrim's Pride Corp. has shown some variability, with a general trend of maintaining a ratio above 1, indicating a higher level of debt relative to equity in its capital structure. Investors and stakeholders may want to closely monitor the company's leverage and financial health in relation to its debt and equity levels.
Peer comparison
Dec 31, 2023