Perrigo Company PLC (PRGO)
Debt-to-capital ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,312,600 | 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 |
| Total stockholders’ equity | US$ in thousands | 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 | 5,803,800 |
| Debt-to-capital ratio | 0.49 | 0.44 | 0.44 | 0.43 | 0.46 | 0.46 | 0.46 | 0.46 | 0.47 | 0.46 | 0.41 | 0.36 | 0.36 | 0.35 | 0.39 | 0.38 | 0.38 | 0.37 | 0.35 | 0.37 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $4,312,600K ÷ ($4,312,600K + $4,566,000K)
= 0.49
The debt-to-capital ratio of Perrigo Company PLC has demonstrated some fluctuations over the past few years, with a range between 0.35 and 0.49. The ratio indicates the proportion of a company's capital that is financed by debt. Perrigo's ratio has generally been in the mid to high 0.3 range, indicating that a significant portion of its capital structure is comprised of debt.
There was a notable increase in the ratio from the first quarter of 2022 to the second quarter of 2022, suggesting an increase in debt relative to capital during that period. This was followed by a decrease in the ratio in subsequent quarters, although it remained relatively stable in the mid to high 0.4 range.
Overall, the trend in Perrigo's debt-to-capital ratio over the analyzed period indicates a moderate reliance on debt to finance its operations and investments. It would be important to monitor this ratio in the future to assess the company's ability to manage its debt levels and financial risks effectively.
Peer comparison
Sep 30, 2024