CH Robinson Worldwide Inc (CHRW)

Financial leverage 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
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
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
Financial leverage ratio		3.68	3.79	3.89	4.05	4.40	4.05	3.63	3.59	3.48	3.38	3.10	3.00	2.74	2.71	2.83	3.05	2.78	2.77	2.82	2.84

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,225,280K ÷ $1,418,700K
= 3.68

The financial leverage ratio of C.H. Robinson Worldwide, Inc. has been fluctuating over the past quarters. The ratio decreased from 4.40 in Q4 2022 to 3.68 in Q4 2023, indicating a reduction in leverage during this period. However, it increased in the following quarters, reaching 3.79 in Q3 2023, 3.89 in Q2 2023, and 4.05 in Q1 2023.

The ratio hit its highest point at 4.40 in Q4 2022 and its lowest at 3.59 in Q1 2022. These fluctuations suggest that the company has been making changes to its capital structure and borrowing levels, potentially to fund growth initiatives or manage its financial risk.

Overall, the trend in the financial leverage ratio indicates varying levels of debt usage by C.H. Robinson Worldwide, Inc., which should be further analyzed in conjunction with other financial metrics to assess the company's overall financial health and risk profile.