Expeditors International of Washington, Inc. (EXPD)

Debt-to-capital ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	2,223,010	2,356,710	2,176,420	2,195,460	2,390,350	2,489,780	2,555,930	3,147,170	3,110,020	3,482,180	3,525,250	3,843,390	3,494,430	3,417,360	3,079,450	2,874,790	2,659,640	2,502,030	2,159,120	2,034,810
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,223,010K)
= 0.00

Expeditors International of Washington, Inc. has consistently maintained a debt-to-capital ratio of 0.00 over the past several quarters, indicating that the company operates with minimal debt relative to its capital structure. A debt-to-capital ratio of 0.00 suggests that the company has no debt or very little debt compared to its total capital, which includes both debt and equity. This low ratio indicates that the company may rely more on equity financing or retained earnings to fund its operations and investments, rather than taking on debt.

A debt-to-capital ratio of 0.00 can be seen as a positive indicator of financial stability and strength, as it implies lower financial risk and less financial leverage. It may also reflect positively on the company's ability to manage its financial obligations effectively without being significantly burdened by debt repayment requirements. However, while a low debt-to-capital ratio can be advantageous, it is essential to consider the broader financial context and the company's overall capital structure when evaluating its financial health and risk profile.