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	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021
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	7,271,000	7,133,000	7,068,000
Debt-to-assets ratio		0.00	0.00	0.18	0.19	0.19	0.00	0.00	0.00	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.