Expeditors International of Washington, Inc. (EXPD)

Financial leverage ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total assets	US$ in thousands	4,754,460	4,623,410	5,590,430	7,609,930	4,927,500
Total stockholders’ equity	US$ in thousands	2,223,010	2,390,350	3,110,020	3,494,430	2,659,640
Financial leverage ratio		2.14	1.93	1.80	2.18	1.85

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,754,460K ÷ $2,223,010K
= 2.14

The financial leverage ratio for Expeditors International of Washington, Inc. has been fluctuating over the past five years.

- As of December 31, 2020, the financial leverage ratio was 1.85, indicating that the company had $1.85 of debt for every $1 of equity.
- By December 31, 2021, the ratio increased to 2.18, suggesting a higher level of financial leverage and potentially increased financial risk.
- In the following year, by December 31, 2022, the ratio decreased to 1.80, indicating a reduction in the company's reliance on debt financing.
- However, by December 31, 2023, the ratio rose again to 1.93, showing a slight increase in financial leverage.
- As of December 31, 2024, the financial leverage ratio reached 2.14, which indicates a higher proportion of debt in the company's capital structure.

Overall, the trend in the financial leverage ratio for Expeditors International of Washington, Inc. has shown fluctuations, potentially reflecting changes in the company's debt levels and capital structure over the years. Further analysis and consideration of the reasons behind these changes would be necessary to assess the impact on the company's financial stability and risk profile.