CH Robinson Worldwide Inc (CHRW)

Debt-to-equity 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-equity ratio		1.00	0.66	0.66	0.67	0.68	0.85	0.78	0.76	0.69	0.56	0.57	0.59	0.58	0.58	0.64	0.69	0.65	0.75	0.76	0.81

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,420,490K ÷ $1,418,700K
= 1.00

The debt-to-equity ratio of C.H. Robinson Worldwide, Inc. has been fluctuating over the past eight quarters, ranging from 1.03 in Q1 2022 to 1.46 in Q4 2022. It indicates that the company has been financing its operations and growth through a combination of debt and equity. The ratio reached a peak of 1.46 in Q4 2022, signaling higher debt levels relative to equity, which may have been a result of increased borrowing for strategic initiatives or acquisitions during that period. Subsequently, there was a downward trend in the ratio, possibly indicating efforts to reduce debt levels or increase equity capitalization in the following quarters. Overall, the trend suggests that C.H. Robinson has been actively managing its debt levels relative to equity to maintain a balanced capital structure.