Expeditors International of Washington Inc (EXPD)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| 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 |
| Financial leverage ratio | 1.89 | 1.84 | 1.79 | 1.69 | 1.80 | 1.90 | 2.09 | 2.07 | 2.18 | 2.07 | 1.93 | 1.90 | 1.85 | 1.74 | 1.76 | 1.72 | 1.68 | 1.68 | 1.78 | 1.71 |
Expeditors International Of Washington, Inc. demonstrates strong solvency ratios across all quarters presented. The debt-to-assets, debt-to-capital, and debt-to-equity ratios consistently stand at 0.00, indicating that the company operates with minimal debt relative to its assets, capital, and equity. This suggests a low level of financial risk and a healthy balance sheet structure.
The financial leverage ratio, which measures the extent to which the company relies on debt to finance its operations, fluctuates slightly but remains at relatively moderate levels. The trend shows a decrease from Q4 2022 to Q1 2023, reflecting a reduction in financial leverage.
Overall, based on the solvency ratios presented, Expeditors International Of Washington, Inc. appears to have a robust financial position and low dependency on debt for its operations.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 212.69 | 42.87 | 56.45 | 66.52 | 79.73 | 657.51 | 398.53 | 270.52 | 216.80 | 192.56 | 185.15 | 154.47 | 90.30 | 61.92 | 45.23 | 34.33 | 33.62 | 34.77 | 35.86 | 37.78 |
As the data for Expeditors International Of Washington, Inc.'s interest coverage is not provided in the table for any of the quarters in 2023 or 2022, it is not possible to conduct a thorough analysis of the company's ability to cover its interest expenses. In order to assess the company's financial health with respect to this metric, it is essential to have the interest coverage ratio calculated, which is typically obtained by dividing earnings before interest and taxes (EBIT) by the interest expense.
Without the specific values for EBIT and interest expense, the interest coverage ratio cannot be determined, making it challenging to evaluate the extent to which Expeditors International Of Washington, Inc. can meet its interest obligations from its operating earnings. It is recommended to obtain this missing information to gain insights into the company's ability to service its debt and manage financial risks effectively.