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Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Perrigo Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $3,617 Mil.
LT-Debt-to-Total-Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligation divides by its Total Assets. Perrigo Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $3,617 Mil. Perrigo Co's Total Assets for the quarter that ended in Jun. 2024 was $10,397 Mil. Perrigo Co's LT-Debt-to-Total-Asset for the quarter that ended in Jun. 2024 was 0.35.
Perrigo Co's LT-Debt-to-Total-Asset declined from Jun. 2023 (0.39) to Jun. 2024 (0.35). It may suggest that Perrigo Co is progressively becoming less dependent on debt to grow their business.
The historical data trend for Perrigo Co's Long-Term Debt & Capital Lease Obligation 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.
Perrigo Co Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Long-Term Debt & Capital Lease Obligation | Get a 7-Day Free Trial | 3,365.80 | 3,660.10 | 3,064.00 | 4,070.40 | 3,632.80 |
Perrigo Co Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Long-Term Debt & Capital Lease Obligation | Get a 7-Day Free Trial | 4,236.20 | 4,221.50 | 3,632.80 | 3,624.90 | 3,616.80 |
Long-Term Debt is the debt due more than 12 months in the future. The debt can be owed to banks or bondholders. Some companies issue bonds to investors and pay interest on the bonds.
Long-Term Capital Lease Obligation represents the total liability for long-term leases lasting over one year. It's amount equal to the present value (the principal) at the beginning of the lease term less lease payments during the lease term.
The interest paid on companies' debt is reflected in the income statement as interest expense. If a company has too much debt and it cannot serve the interest payment on the debt or repay the matured debt, the company risks bankruptcy. Peter Lynch famously said: A company that does not have debt cannot go bankrupt.
A company's long term debt may have different dates of maturity and interest rates, depending on the terms.
Usually a company issues long term debt to pay for its capital expenditures. Borrowing allows the company to do things that otherwise cannot be done with only the capital it has. But debt can be risky.
Perrigo Co (NYSE:PRGO) Long-Term Debt & Capital Lease Obligation Explanation
LT-Debt-to-Total-Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.
Perrigo Co's LT-Debt-to-Total-Asset ratio for the quarter that ended in Jun. 2024 is calculated as:
LT-Debt-to-Total-Asset (Q: Jun. 2024 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 ) | / | Total Assets (Q: Jun. 2024 ) |
= | 3616.8 | / | 10397.3 | |
= | 0.35 |
* 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.
Buffett says that durable competitive advantages carry little to no long-term debt because the company is so profitable that even expansions or acquisitions are self financed.
We are interested in long term debt load for the last ten years. If the ten years of operation show little to no long term debt, then the company has some kind of strong competitive advantage.
Warren Buffett's historic purchases indicate that on any given year, the company should have sufficient yearly net earnings to pay all long term within 3 or 4 year earnings period. (e.g. Coke + Moody's = 1yr)
Companies with enough earning power to pay long term debt in less than 3 or 4 years is a good candidate in our search for long term competitive advantage.
BUT, these companies are targets for leveraged buy outs, which saddles the business with long term debt.
If all else indicates the company has a moat, but it has ton of debt, a leveraged buyout may have created the debt. In these cases the company's bonds offer the better bet, in that the companys earnings power is focused on paying off the debt and not growth.
Important: little or no long term debt often means a Good Long Term Bet
Thank you for viewing the detailed overview of Perrigo Co's Long-Term Debt & Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.
Katherine C. Doyle | director | 100 ABBOTT PARK ROAD, AP6C-1N D032L, ABBOTT PARK IL 60064 |
Ronald Craig Janish | officer: EVP, Global Op. & Supply Chain | PERRIGO COMPANY PLC, 515 EASTERN AVENUE, ALLEGAN MI 49010 |
Svend Andersen | director | C/O PERRIGO COMPANY PLC, 515 EASTERN AVENUE, ALLEGAN MI 49010 |
Alison Ives | officer: EVP & Chief Scientific Officer | C/O PERRIGO COMPANY PLC, 515 EASTERN AVENUE, ALLEGAN MI 49010 |
Robert Willis | officer: Acting CHRO | C/O PERRIGO COMPANY PLC, 515 EASTERN AVENUE, ALLEGAN MI 49010 |
Patrick Lockwood-taylor | director, officer: CEO | C/O PERRIGO COMPANY PLC, 430 MONROE AVE NW, GRAND RAPIDS MI 49503 |
Eduardo Guarita Bezerra | officer: EVP & Chief Financial Officer | C/O FRESH DEL MONTE PRODUCE INC., PO BOX 149222, CORAL GABLES FL 33134 |
Julia M Brown | director | C/O ABLE BRANDS CO., 30 HUDSON YARDS, NEW YORK NY 10001 |
Triona Schmelter | officer: EVP & President CSCA | 2021 SPRING ROAD, SUITE 600, OAK BROOK IL 60523 |
Geoffrey M. Parker | director | 15 RIORDAN PLACE, MENLO PARK CA 94025 |
Murray S Kessler | director, officer: CEO | 714 GREEN VALLEY ROAD, GREENSBORO NC 27408 |
Thomas Farrington | officer: Senior VP and CIO | 4012 W. CANTERBURY CT., NEQUON WI 53092 |
Dillard James E Iii | officer: EVP, Chief Scientific Officer | 6601 WEST BROAD STREET, RICHMOND VA 23230 |
Grainne Quinn | officer: EVP, Chief Medical Officer | PERRIGO COMPANY PLC, 515 EASTERN AVENUE, ALLEGAN MI 49010 |
Albert Manzone | director | C/O MERISANT, AVENUE JEAN-JACQUES ROUSSEAU 7, NEUCHATEL V8 CH-2000 |
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