CH Robinson Worldwide Inc (CHRW)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.27 | 0.15 | 0.20 | 0.21 | 0.24 |
| Debt-to-capital ratio | 0.50 | 0.40 | 0.41 | 0.37 | 0.40 |
| Debt-to-equity ratio | 1.00 | 0.68 | 0.69 | 0.58 | 0.65 |
| Financial leverage ratio | 3.68 | 4.40 | 3.48 | 2.74 | 2.78 |
The solvency ratios of C.H. Robinson Worldwide, Inc. indicate the company's ability to meet its long-term financial obligations and the extent of its reliance on debt financing.
- Debt-to-assets ratio: This ratio has been relatively stable over the past five years, ranging from 0.21 to 0.33. A decreasing trend is observed from 2022 to 2023, indicating a lower proportion of assets financed by debt.
- Debt-to-capital ratio: The trend in this ratio shows an increasing trend from 0.37 in 2020 to 0.59 in 2022, before decreasing to 0.53 in 2023. This suggests that the company has reduced its reliance on debt financing compared to its capital structure.
- Debt-to-equity ratio: The company's debt-to-equity ratio has fluctuated over the years, with a spike in 2022 at 1.46. However, there has been a decreasing trend from 2022 to 2023, indicating a reduction in financial leverage and a strengthening of equity position relative to debt.
- Financial leverage ratio: This ratio also displays fluctuations over the years, ranging from 2.74 to 4.40. A downward trend is observed from 2022 to 2023, signaling a lower level of financial risk and leverage within the company.
Overall, the solvency ratios of C.H. Robinson Worldwide, Inc. reflect a mixed performance in terms of debt management and financial stability, with recent improvements in reducing debt levels and leverage ratios, indicating a more conservative approach to financing its operations.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | 5.71 | 12.67 | 18.09 | 14.98 | 16.55 |
Based on the absence of data for interest coverage for C.H. Robinson Worldwide, Inc. for the years ending December 31, 2019 to 2023 in the provided table, it is not possible to analyze or comment on the company's interest coverage ratio. Interest coverage ratio is a key financial metric that indicates a company's ability to meet its interest obligations on outstanding debt based on its operating income. Furthermore, the lack of this data suggests a gap in the information needed to assess the company's financial health and its capacity to service its debt obligations. In order to evaluate the company's financial leverage and risk related to debt servicing, it is important to have access to the interest coverage ratio data for a thorough analysis.