GXO Logistics Inc (GXO)

Debt-to-assets 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
Long-term debt US$ in thousands — — 1,625,000 1,697,000 1,739,000 — — —
Total assets US$ in thousands 9,507,000 9,091,000 9,126,000 9,090,000 9,219,000 8,806,000 8,706,000 7,126,000
Debt-to-assets ratio 0.00 0.00 0.18 0.19 0.19 0.00 0.00 0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,507,000K
= 0.00

The debt-to-assets ratio for GXO Logistics Inc has ranged between 0.17 and 0.20 over the past five quarters. This ratio indicates that, on average, 17% to 20% of the company's assets are financed by debt. The trend shows relative stability in the company's debt level in relation to its total assets over the given period. A decreasing ratio typically indicates a lower dependency on debt for financing assets, while an increasing ratio may suggest a growing reliance on debt. It is important for stakeholders to monitor this ratio to assess the company's leverage and risk profile.