CH Robinson Worldwide Inc (CHRW)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	1,418,700	1,404,580	1,388,110	1,381,390	1,353,420	1,677,560	2,052,420	2,095,500	2,021,930	1,950,800	1,906,170	1,868,190	1,879,930	1,873,360	1,704,330	1,587,120	1,670,730	1,673,100	1,659,310	1,652,560
Debt-to-capital ratio		0.50	0.40	0.40	0.40	0.40	0.46	0.44	0.43	0.41	0.36	0.37	0.37	0.37	0.37	0.39	0.41	0.40	0.43	0.43	0.45

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,420,490K ÷ ($1,420,490K + $1,418,700K)
= 0.50

The debt-to-capital ratio of C.H. Robinson Worldwide, Inc. has shown some fluctuations over the past eight quarters. The ratio has ranged between 0.51 and 0.59 during this period.

The company's debt-to-capital ratio indicates the proportion of the company's capital that is financed through debt. A higher ratio suggests a higher reliance on debt financing, which can indicate increased financial risk due to higher interest expenses and potential difficulties in meeting debt obligations.

In Q1 2022, the ratio was at its lowest point of 0.51, suggesting a relatively lower level of debt compared to total capital. However, the ratio increased in subsequent quarters, reaching its peak at 0.59 in Q4 2022, indicating higher debt compared to capital.

Overall, the trend in the debt-to-capital ratio for C.H. Robinson Worldwide, Inc. shows some variability but has generally remained within a relatively moderate range. It is important for investors and analysts to closely monitor changes in the ratio to assess the company's financial leverage and risk profile.