Perrigo Company PLC (PRGO)

Debt-to-equity 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-equity ratio 0.94 0.80 0.77 0.76 0.85 0.84 0.84 0.84 0.89 0.84 0.69 0.57 0.56 0.53 0.63 0.62 0.61 0.60 0.55 0.58

September 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $4,312,600K ÷ $4,566,000K
= 0.94

The debt-to-equity ratio of Perrigo Company PLC has fluctuated over the past several quarters, ranging from 0.53 to 0.94. This ratio measures the proportion of debt relative to shareholders' equity and provides insight into the company's leverage and financial risk.

In recent quarters, the company's debt-to-equity ratio increased, reaching a peak of 0.94 in September 2024. This suggests that the company may have taken on more debt compared to its equity, potentially indicating higher financial leverage and risk. However, it is important to consider the industry norms and overall financial health of the company when evaluating this ratio.

Conversely, the lowest ratio of 0.53 in December 2021 indicates a lower level of debt relative to equity, which may imply a more conservative financial structure. It is essential for stakeholders to monitor the trend of this ratio over time to assess the company's ability to manage its debt levels effectively and maintain a healthy financial position.