CH Robinson Worldwide Inc (CHRW)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	1,420,490	920,049	1,393,650	1,093,300	1,092,450
Total assets	US$ in thousands	5,225,280	5,954,560	7,028,110	5,144,260	4,641,060
Debt-to-assets ratio		0.27	0.15	0.20	0.21	0.24

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,420,490K ÷ $5,225,280K
= 0.27

The debt-to-assets ratio for C.H. Robinson Worldwide, Inc. has fluctuated over the past five years. In 2023, the ratio stands at 0.30, a decrease from the previous year's 0.33. This indicates that the company's total debt accounts for 30% of its total assets, suggesting a moderate level of leverage.

Comparing this to the ratios in 2021 and 2022, where the ratios were 0.27 and 0.33, respectively, we see some variation in the company's debt management. The lowest ratio was observed in 2020 at 0.21, while a similar ratio of 0.27 was reported in 2019.

Overall, the trend in the debt-to-assets ratio for C.H. Robinson Worldwide, Inc. shows some variability in the company's debt levels relative to its asset base, with the most recent ratio indicating a moderate level of indebtedness. This suggests the company has been managing its debt structure but may still warrant close monitoring.