• Pilgrim's Pride average debt/equity ratio for 2023 was 1.13, a 2.59% decline from 2022.
• Pilgrim's Pride average debt/equity ratio for 2022 was 1.16, a 10.48% decline from 2021.
• Pilgrim's Pride average debt/equity ratio for 2021 was 1.05, a 1.94% increase from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.