Expeditors International of Washington Inc (EXPD)
Debt-to-capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 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 | 2,195,030 | 2,207,380 | 2,050,970 | 2,124,270 |
| 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, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,390,350K)
= 0.00
The debt-to-capital ratio for Expeditors International Of Washington, Inc. has consistently remained at 0.00 across all quarters from Q1 2022 to Q4 2023. This indicates that the company has not utilized debt as a significant source of capital relative to its total capital structure. A debt-to-capital ratio of 0.00 typically suggests that the company is using primarily equity financing to fund its operations, which can reflect a more conservative financial strategy with lower financial risk. It is important to note that a debt-to-capital ratio of 0.00 does not necessarily mean that the company has no debt, but rather that the amount of debt in its capital structure is negligible compared to its total capital. Overall, the consistent 0.00 debt-to-capital ratio suggests that Expeditors International Of Washington, Inc. maintains a relatively low level of financial leverage in its capital structure.
Peer comparison
Dec 31, 2023