Pilgrims Pride Corp (PPC)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 10,650,600 | 9,810,360 | 9,255,770 | 8,913,200 | 7,474,500 |
| Total stockholders’ equity | US$ in thousands | 4,239,410 | 3,331,370 | 2,840,810 | 2,577,080 | 2,563,760 |
| Financial leverage ratio | 2.51 | 2.94 | 3.26 | 3.46 | 2.92 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $10,650,600K ÷ $4,239,410K
= 2.51
The financial leverage ratio of Pilgrims Pride Corp has shown fluctuations over the past five years. In 2020, the ratio stood at 2.92, indicating that the company had $2.92 of debt for every $1 of equity. Subsequently, the ratio increased to 3.46 in 2021, suggesting higher financial risk as the level of debt relative to equity rose. In 2022, the ratio decreased slightly to 3.26, but remained elevated compared to the initial year. By 2023, the ratio decreased to 2.94, indicating a reduction in financial leverage and potentially improved stability. The most recent data point, in 2024, shows a further decline in the financial leverage ratio to 2.51, signaling that the company relied less on debt financing relative to equity in that year. Overall, the trend in the financial leverage ratio for Pilgrims Pride Corp suggests fluctuations in the capital structure over the analyzed period.
Peer comparison
Dec 31, 2024