Pilgrims Pride (FRA:6PP) Debt-to-Equity : 0.82 (As of Sep. 2024)

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What is Pilgrims Pride Debt-to-Equity?

Pilgrims Pride's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €58 Mil. Pilgrims Pride's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €3,055 Mil. Pilgrims Pride's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €3,788 Mil. Pilgrims Pride's debt to equity for the quarter that ended in Sep. 2024 was 0.82.

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:

FRA:6PP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 1.2 Max: 1.54
Current: 0.82

During the past 13 years, the highest Debt-to-Equity Ratio of Pilgrims Pride was 1.54. The lowest was 0.00. And the median was 1.20.

FRA:6PP's Debt-to-Equity is ranked worse than
72.78% of 1657 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs FRA:6PP: 0.82

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 Debt-to-Equity Chart

Pilgrims Pride Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.03

1.00

1.39

1.23

1.08

Pilgrims Pride Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															1.29	1.08	1.04	0.93	0.82

Competitive Comparison of Pilgrims Pride's Debt-to-Equity

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's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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
	=	(62.461	+	3250.021)	/	3054.868
	=	1.08

Pilgrims Pride's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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
	=	(58.119	+	3055.179)	/	3788.339
	=	0.82

Pilgrims Pride (FRA:6PP) 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 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pilgrims Pride Corp (FRA:6PP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PPC:USA 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 US (58% of 2023 sales), the UK (30% including other European sales), and Mexico (12%). Its UK 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 US and Mexican sales come from fresh chicken, while prepared chicken and pork constitute most of its UK 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.

Pilgrims Pride Headlines

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