Pilgrims Pride Corp (PPC)
Debt-to-equity 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-equity ratio | 0.76 | 0.00 | 0.00 | 0.00 | 1.00 | 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, 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 of Pilgrims Pride Corp has shown consistency at 0.00 throughout the financial periods from March 2020 to June 2024. This indicates that the company has not utilized debt financing in comparison to its equity funding. However, in the most recent financial period ending December 31, 2024, the debt-to-equity ratio increased to 0.76, suggesting a shift towards a slightly higher level of debt relative to equity. It is important to further investigate the reasons behind this change and evaluate the potential impact on the company's financial stability and risk management strategies.
Peer comparison
Dec 31, 2024