Pilgrims Pride (Pilgrims Pride) Debt-to-Equity

: 1.08 (As of Dec. 2023)

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Pilgrims Pride's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $68 Mil. Pilgrims Pride's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,544 Mil. Pilgrims Pride's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,331 Mil. Pilgrims Pride's debt to equity for the quarter that ended in Dec. 2023 was 1.08.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Pilgrims Pride's Debt-to-Equity or its related term are showing as below:

PPC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 1.06 Max: 1.45
Current: 1.08

During the past 13 years, the highest Debt-to-Equity Ratio of Pilgrims Pride was 1.45. The lowest was 0.00. And the median was 1.06.

PPC's Debt-to-Equity is ranked worse than
79.73% of 1638 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs PPC: 1.08

Pilgrims Pride Debt-to-Equity Historical Data

The historical data trend for Pilgrims Pride's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Pilgrims Pride Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.03

1.00

1.39

1.23

1.08

Pilgrims Pride Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																1.23	1.22	1.30	1.29	1.08

Competitive Comparison

For the Packaged Foods subindustry, Pilgrims Pride's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Pilgrims Pride Debt-to-Equity Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Pilgrims Pride's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Pilgrims Pride's Debt-to-Equity falls into.

Pilgrims Pride Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pilgrims Pride's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(68.114	+	3544.189)	/	3331.372
	=	1.08

Pilgrims Pride's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(68.114	+	3544.189)	/	3331.372
	=	1.08

Pilgrims Pride (NAS:PPC) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Pilgrims Pride Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Pilgrims Pride's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Pilgrims Pride (Pilgrims Pride) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pilgrims Pride Corp (NAS:PPC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

6PP:Germany 6PP:Germany

Address

1770 Promontory Circle, Greeley, CO, USA, 80634-9038

Website

https://www.pilgrims.com

Pilgrim's Pride is the second-largest poultry producer in the U.S. (62% of 2022 sales), the U.K. (28% including other European sales), and Mexico (11%). Its U.K. and European arm also includes pork operations from the 2019 acquisition of Tulip. Pilgrim's sells to chain restaurants, food processors, food distributors, and retail chains. Most of its U.S. and Mexican sales come from fresh chicken, while prepared chicken and pork constitute most of its U.K. and European sales. JBS owns more than 80% of Pilgrim's Pride's outstanding shares, though it failed to acquire the remaining stake in 2021 after a special board committee deemed JBS' offer undervalued Pilgrim's Pride.

Executives

Batista Filho Wesley Mendonca	director	1770 PROMONTORY CIRCLE, GREELEY CO 80634
Matthew R Galvanoni	officer: Chief Financial Officer	5 WESTBROOK CORPORATE CENTER, WESTBROOK IL 60154
Fabio Sandri	officer: Chief Financial Officer	1770 PROMONTORY CIRCLE, GREELEY CO 80634-9038
Raul Padilla	director	C/O BUNGE LTD, 50 MAIN STREET, WHITE PLAINS NY 10606
Maestri Karoleski Joanita Maria	director	C/O PILGRIM'S PRIDE CORP, 1770 PROMONTORY CIRCLE, GREELEY CO 80634
Ajay Menon	director	C/O CONVERA CORPORATION, 1921 GALLOWS RD., VIENNA VA 22182
Jayson Penn	officer: CEO	1770 PROMONTORY CIRCLE, GREELEY CO 80634
Arquimedes Celis	director	1770 PROMONTORY CIRCLE, GREELEY CO 80634
Farha Aslam	director	1770 N PROMOTORY CIRCLE, GREELEY CO 80634
William W Lovette	director, officer: CEO and President	2210 WEST OAKLAWN DRIVE, SPRINGDALE AR 72762
Michael L. Cooper	director	4845 US HIGHWAY 271N, PITTSBURG TX 75686
Vasconcellos Wallim Cruz De Jr	director	116 RUA VISCONDE DE ITAUNA, 116, RIO DE JANEIRO D5 22460140
David E Bell	director	C/O BOSTON ACOUSTICS, INC., 300 JUBILEE DRIVE, PEABODY MA 01960
Charles Macaluso	director
Denilson Molina	director	1770 PROMONTORY CIRCLE, GREELEY CO 80634