Expeditors International of Washington Inc (EXPD)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,390,350 | 3,110,020 | 3,494,430 | 2,659,640 | 2,195,030 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,390,350K
= 0.00
The debt-to-equity ratio of 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 had no debt during this period and has relied entirely on equity financing to support its operations and growth. A debt-to-equity ratio of 0.00 signifies that there is no financial leverage involved in the company's capital structure, suggesting a conservative approach to financing and a lower risk of financial distress due to debt obligations. Expeditors International appears to prioritize a strong equity base, which may provide financial stability and flexibility in managing its business activities and investments.
Peer comparison
Dec 31, 2023