Perrigo Company PLC (PRGO)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 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 | 5,758,800 |
| Debt-to-equity ratio | 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 | 0.58 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,616,800K ÷ $4,545,300K
= 0.80
The debt-to-equity ratio of Perrigo Company PLC has exhibited fluctuations over the past few quarters. The ratio has ranged from 0.53 to 0.89 during the last two years, indicating variations in the company's capital structure and financial leverage.
In the most recent quarter, as of June 30, 2024, the debt-to-equity ratio stands at 0.80, showing a slight increase from the previous quarter. This suggests that the company relies more on debt financing relative to equity to fund its operations and investments.
Looking at the trend over the past eight quarters, it appears that the ratio has fluctuated within a relatively narrow range, with occasional peaks and troughs. This indicates that Perrigo has been managing its debt and equity levels to maintain a balanced financial structure.
Further analysis of the company's financial performance, debt repayment capabilities, and overall risk management strategies would be necessary to fully assess the implications of these changes in the debt-to-equity ratio over time.
Peer comparison
Jun 30, 2024