Perrigo Company PLC (PRGO)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019
Long-term debt	US$ in thousands	3,616,800	3,624,900	3,632,800	4,048,500	4,055,900	4,062,800	4,070,400	4,077,500	4,086,100	3,510,600	2,916,700	2,920,900	2,925,800	3,525,300	3,527,600	3,543,600	3,536,000	3,182,900	3,365,800	3,361,500
Total assets	US$ in thousands	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	11,301,400	11,310,800
Debt-to-assets ratio		0.35	0.34	0.34	0.38	0.37	0.37	0.37	0.38	0.37	0.34	0.28	0.27	0.26	0.31	0.31	0.31	0.29	0.28	0.30	0.30

June 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,616,800K ÷ $10,397,300K
= 0.35

The debt-to-assets ratio of Perrigo Company PLC has shown some fluctuations over the past few quarters. The ratio has ranged from 0.26 to 0.38 during the period from December 2019 to June 2024. Overall, the company's debt-to-assets ratio has remained relatively stable, with a general trend of staying between 0.27 and 0.38.

A debt-to-assets ratio of 0.35, as of June 30, 2024, indicates that 35% of Perrigo's assets are financed by debt. This implies that the company relies moderately on debt to fund its operations and investments, while the majority of its assets are funded by equity. It is important to note that the debt-to-assets ratio should be analyzed in conjunction with other financial ratios and company-specific factors to gain a comprehensive understanding of Perrigo's financial health and risk profile.