Perrigo Company PLC (PRGO)

Debt-to-capital 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 stockholders’ equity US$ in thousands 4,319,400 4,566,000 4,545,300 4,687,000 4,767,900 4,738,100 4,848,600 4,833,900 4,842,100 4,602,700 4,849,800 5,104,500 5,151,700 5,182,400 5,511,100 5,558,000 5,655,100 5,820,300 5,910,400 5,786,400
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,319,400K)
= 0.00

The debt-to-capital ratio of Perrigo Company PLC has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its operations or growth initiatives during this period. A debt-to-capital ratio of 0.00 suggests that all capital employed by the company is sourced from equity rather than debt. This may signify a conservative financial strategy aimed at avoiding the risks associated with high levels of debt. However, it is essential to consider other financial metrics and factors to get a comprehensive understanding of the company's overall financial health and risk profile.