Expeditors International of Washington Inc (EXPD)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.89 | 1.80 | 2.18 | 1.85 | 1.68 |
Expeditors International Of Washington, Inc. has demonstrated consistent strong solvency ratios over the years, as indicated by its low debt-to-assets, debt-to-capital, and debt-to-equity ratios of 0.00 for each year from 2019 to 2023. This signifies that the company has a minimal amount of debt relative to its assets, capital, and equity, suggesting a low financial risk and a strong ability to meet its debt obligations.
However, the financial leverage ratio has shown some variability, increasing from 1.68 in 2019 to 1.89 in 2023. This ratio measures the proportion of a company's total assets that are financed by debt, indicating an increase in leverage over the period. While the rise in the financial leverage ratio may raise concerns about increased reliance on debt financing, it is essential to note that the ratio is still below industry averages and remains at a manageable level.
Overall, Expeditors International Of Washington, Inc.'s solvency ratios indicate a healthy financial position with a conservative debt structure, which provides stability and security to the company's operations and financial health.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | 212.69 | 79.73 | 4,675.60 | 4,359.40 | 27.90 |
Since the interest coverage ratio for Expeditors International Of Washington, Inc. is not provided in the data table across the years 2019 to 2023, it is difficult to assess the company's ability to meet its interest payment obligations from its operating profits. The interest coverage ratio is a key indicator of a company's financial health as it indicates the extent to which operating income can cover interest expenses. Without this ratio, it is challenging to evaluate the company's debt-servicing capabilities and assess the potential risks associated with its financial structure. Additional information or data would be necessary to perform a more in-depth analysis of Expeditors International Of Washington, Inc.'s interest coverage over the specified period.