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.