Perrigo Company PLC (PRGO)
Debt-to-assets 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 9,647,700 | 11,203,200 | 10,397,300 | 10,640,300 | 10,809,100 | 10,758,300 | 10,964,700 | 10,954,900 | 11,017,300 | 10,677,500 | 10,919,600 | 10,389,500 | 10,425,700 | 10,915,900 | 11,230,300 | 11,324,800 | 11,488,400 | 11,576,000 | 12,128,300 | 11,400,700 |
| Debt-to-assets 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, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,647,700K
= 0.00
The debt-to-assets ratio for Perrigo Company PLC indicates a consistent trend of 0.00 over the period from March 31, 2020, to December 31, 2024. This ratio signifies that the company has not utilized any debt to finance its assets during this timeframe. A debt-to-assets ratio of 0.00 implies that the company's assets are entirely financed by equity or other non-debt sources.
From an analytical perspective, a debt-to-assets ratio of 0.00 could indicate several possibilities such as a strong financial position with no reliance on debt for funding operations, significant cash reserves to finance investments, or a deliberate strategic decision to avoid debt in the capital structure. This could be viewed positively in terms of financial stability and lower financial risk, as the absence of debt obligations reduces interest expenses and financial constraints.
However, it is important to consider the context and the company's overall financial strategy before drawing definitive conclusions solely based on this ratio. Additional financial metrics and qualitative factors would be necessary to provide a complete assessment of Perrigo Company PLC's financial health and performance.
Peer comparison
Dec 31, 2024