GXO Logistics Inc (GXO)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 1,739,000 | — |
| Total stockholders’ equity | US$ in thousands | 2,912,000 | 2,645,000 | 2,351,000 |
| Debt-to-capital ratio | 0.00 | 0.40 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,912,000K)
= 0.00
The debt-to-capital ratio of GXO Logistics Inc has fluctuated over the past four years. In 2020 and 2021, the company maintained a relatively stable ratio of 0.29, indicating that around 29% of the company's capital structure was made up of debt. However, there was a slight increase in the ratio to 0.41 in 2022, suggesting that the proportion of debt in the capital structure had risen to 41%.
In 2023, there was a decrease in the debt-to-capital ratio to 0.36, signaling a reduction in the company's reliance on debt financing compared to the previous year. Overall, the trend in the debt-to-capital ratio for GXO Logistics Inc reflects a varying mix of debt and equity in the company's capital structure over the analyzed period.
Peer comparison
Dec 31, 2023