Perrigo Company PLC (PRGO)

Debt-to-capital ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 4,319,400 4,767,900 4,842,100 5,151,700 5,655,100
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,319,400K)
= 0.00

The debt-to-capital ratio for Perrigo Company PLC remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company's debt level relative to its total capital structure, including both debt and equity, is negligible or non-existent. A debt-to-capital ratio of 0.00 typically suggests that the company has either no debt or that its equity surpasses its debt. This low ratio signifies that Perrigo Company PLC relies more on equity financing than debt financing, which may indicate a lower financial risk and potentially greater financial stability. However, it's important to consider other factors and ratios in conjunction with the debt-to-capital ratio to obtain a comprehensive assessment of the company's financial health.