CH Robinson Worldwide Inc (CHRW)

Debt-to-assets ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	1,420,490	920,720	920,495	920,272	920,049	1,419,380	1,594,060	1,593,760	1,393,650	1,093,950	1,095,800	1,093,520	1,093,300	1,093,090	1,092,870	1,092,660	1,092,450	1,253,090	1,253,850	1,341,600
Total assets	US$ in thousands	5,225,280	5,317,670	5,405,260	5,595,580	5,954,560	6,795,530	7,457,440	7,521,340	7,028,110	6,602,610	5,906,560	5,596,620	5,144,260	5,074,840	4,825,690	4,848,320	4,641,060	4,636,550	4,684,110	4,697,440
Debt-to-assets ratio		0.27	0.17	0.17	0.16	0.15	0.21	0.21	0.21	0.20	0.17	0.19	0.20	0.21	0.22	0.23	0.23	0.24	0.27	0.27	0.29

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 of C.H. Robinson Worldwide, Inc. has shown some fluctuations over the past eight quarters, ranging from 0.29 to 0.33. This ratio indicates the proportion of the company's total liabilities to its total assets. A lower ratio signifies a lower level of financial risk as the company has more assets relative to its debts.

C.H. Robinson's debt-to-assets ratio has generally been within a narrow range of 0.29 to 0.33, suggesting that the company has been able to manage its debt levels effectively compared to the size of its asset base. The slight increase from 0.29 in Q1 2022 to 0.33 in Q1 2023 could indicate a potential increase in debt relative to assets during this period. However, the ratio remained relatively stable in the range of 0.30 to 0.32 during the subsequent quarters in 2023, indicating a consistent debt management strategy.

Overall, the debt-to-assets ratio analysis suggests that C.H. Robinson Worldwide, Inc. has maintained a healthy balance between debt and assets, showcasing a prudent financial management approach in leveraging its resources.