Expeditors International of Washington Inc (EXPD)
Debt-to-equity 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-equity 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-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 eight quarters, indicating that the company has not used any debt to finance its operations during this period. A debt-to-equity ratio of 0.00 signifies that the company is entirely reliant on equity financing, which can be viewed positively by investors and creditors as it implies lower financial risk and potential for financial distress. It also indicates financial stability and strength, as the company is not burdened by debt obligations that could affect its ability to operate and grow. However, a consistently low debt-to-equity ratio could also suggest underutilization of debt capital and opportunities for leveraging the company's operations to enhance returns for shareholders.
Peer comparison
Dec 31, 2023