Perrigo Company PLC (PRGO)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| Debt-to-equity 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 |
| Financial leverage ratio | 2.23 | 2.45 | 2.29 | 2.27 | 2.27 | 2.27 | 2.26 | 2.27 | 2.28 | 2.32 | 2.25 | 2.04 | 2.02 | 2.11 | 2.04 | 2.04 | 2.03 | 1.99 | 2.05 | 1.97 |
Perrigo Company PLC's solvency ratios reflect a strong financial position with consistently low debt levels relative to its assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio all consistently registered at 0.00 across various reporting periods, indicating that the company has minimal debt in comparison to its total assets, capital, and equity.
The Financial leverage ratio, which measures the extent of a company's financial leverage, has shown a gradual increase over the years but remains relatively stable, ranging from 1.97 to 2.45. This indicates that while there is a slight increase in the company's reliance on debt financing, it is still at a manageable level and not a cause for major concern.
Overall, Perrigo Company PLC's solvency ratios suggest a sound financial structure and the ability to meet its long-term financial obligations without excessive reliance on debt financing.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 0.74 | 0.14 | 0.14 | 0.60 | 1.13 | 1.65 | 1.54 | 0.76 | 0.61 | 0.31 | 3.01 | 2.76 | 3.09 | 1.47 | -1.28 | 0.22 | 0.49 | 2.64 | 2.75 | 3.05 |
Perrigo Company PLC's interest coverage ratio has shown fluctuations over the past few years, ranging from a high of 3.09 to a low of -1.28. The interest coverage ratio represents the company's ability to meet its interest obligations from its earnings.
The declining trend observed from December 31, 2020, to June 30, 2021, where the ratio fell into negative territory, indicates a potential strain on Perrigo's ability to cover its interest expenses with its operating income during that period. This could raise concerns about the company's financial health and ability to service its debt obligations.
From June 30, 2021, onwards, there has been a mixed trend with occasional improvements and declines in the interest coverage ratio. While the ratio has somewhat stabilized and recovered above 1, indicating the company's ability to cover its interest payments, it has not consistently strengthened to levels seen in the earlier periods.
Overall, the fluctuations in Perrigo's interest coverage ratio suggest varying levels of financial risk associated with the company's ability to meet its interest obligations in the future. Investors and stakeholders may need to closely monitor these ratios to assess the company's financial stability and debt repayment capacity.