Perrigo Company PLC (PRGO)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 9,647,700 | 10,809,100 | 11,017,300 | 10,425,700 | 11,488,400 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,647,700K
= 0.00
Based on the provided data, Perrigo Company PLC has consistently maintained a debt-to-assets ratio of 0.00 over the years from December 31, 2020, to December 31, 2024. This indicates that the company has not taken on any debt in relation to its total assets during this period. A debt-to-assets ratio of 0.00 is generally considered favorable as it suggests that the company is not relying on debt to finance its operations and investments, which may lower its financial risk and indicate strong financial health. However, it is important to note that a very low debt-to-assets ratio could also indicate underutilization of debt financing opportunities that could potentially enhance the company's growth or profitability. Further analysis of Perrigo's overall capital structure and financial strategy would provide a more comprehensive understanding of its financial position.
Peer comparison
Dec 31, 2024