Expeditors International of Washington, Inc. (EXPD)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total assets	US$ in thousands	4,754,460	4,623,410	5,590,430	7,609,930	4,927,500
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,754,460K
= 0.00

The debt-to-assets ratio of Expeditors International of Washington, Inc. has consistently remained at 0.00 over the years from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt financing to fund its operations and investments, relying instead on other sources of capital such as equity. A debt-to-assets ratio of 0.00 suggests a strong financial position with no financial leverage, indicating lower financial risk and potentially greater financial stability for the company.