GXO Logistics Inc (GXO)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 11,266,000 | 9,507,000 | 9,219,000 | 7,271,000 | 6,548,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $11,266,000K
= 0.00
The Debt-to-assets ratio of GXO Logistics Inc has consistently been reported as 0.00 for the years ending December 31, 2020 to December 31, 2024. This implies that the company has zero debt in relation to its total assets during the specified periods. A debt-to-assets ratio of 0.00 indicates that the company's assets are entirely financed by equity and it does not rely on borrowing to fund its operations or growth. While a low debt level may signify financial stability and lower risk, it's important to also consider the potential opportunity cost of not utilizing debt financing for potential growth or expansion opportunities.
Peer comparison
Dec 31, 2024