Expeditors International of Washington Inc (EXPD)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—
Total assets	US$ in thousands	4,523,810	5,590,430	7,609,930	4,927,500	3,691,880
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,523,810K
= 0.00

The debt-to-assets ratio for Expeditors International Of Washington, Inc. has consistently been 0.00 for the past five years, from 2019 to 2023. This indicates that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 typically suggests that the company relies on equity financing or internal funds to support its operations and growth, rather than taking on debt obligations. Expeditors International Of Washington, Inc. appears to have a strong financial position with no significant debt burden relative to its asset base.