GXO Logistics Inc (GXO)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,912,000 | 2,784,000 | 2,778,000 | 2,685,000 | 2,645,000 | 2,569,000 | 2,530,000 | 2,341,000 | 2,351,000 | 2,296,000 | 2,874,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.37 | 0.39 | 0.40 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 exhibited a decreasing trend over the past five quarters, declining from 0.41 in Q4 2022 to 0.36 in Q4 2023. This indicates that the company's reliance on debt as a source of capital relative to its total capital base has been decreasing. However, it is worth noting that the ratio has shown relatively stable levels in Q3 and Q2 2023 at 0.37, before the observed decline in Q4 2023. Overall, a decreasing trend in the debt-to-capital ratio suggests a potentially improving financial position with less financial risk associated with debt obligations as a proportion of total capital.
Peer comparison
Dec 31, 2023