| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers D > Headlines for Dole plc > News item |
Dole reports leverage ratio of 2.8x, below targeted debt ratio of 3x
By Devika Patel
Knoxville, Tenn., May 18 – Dole plc saw its leverage ratio fall below the targeted level of 3x, ending the last quarter at 2.8x.
“We are pleased that our leverage at the end of the quarter came out at 2.8x, below our targeted level of 3x, driven by strong adjusted EBITDA performance and an efficient management of working capital across the group,” chief financial officer Jacinta Devine said on the company’s first quarter ended March 31 earnings conference call on Thursday.
Cash and cash equivalents were $266.2 million as of March 31, 2023, compared to $228.84 million as of Dec. 31, 2022.
Net long-term debt was $1,013,984,000 as of March 31, 2023, compared to $1,127,321,000 as of Dec. 31, 2022.
Current portion of net long-term debt was $255,052,000 as of March 31, 2023, compared to $97,435,000 as of Dec. 31, 2022.
Dole is a Dublin-based fresh produce company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.