GXO Logistics Inc (GXO)
Debt-to-equity 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-equity ratio | 0.00 | 0.66 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,912,000K
= 0.00
The debt-to-equity ratio of GXO Logistics Inc has shown a varying trend over the past four years. In 2020 and 2021, the company had a consistent ratio of 0.41, indicating a balanced mix of debt and equity in its capital structure. However, there was an increase in the ratio to 0.68 in 2022, suggesting a higher proportion of debt relative to equity.
The ratio decreased to 0.57 in 2023, indicating a slight improvement in the company's debt levels compared to the prior year. Despite the fluctuation, the company's current debt-to-equity ratio remains within a reasonable range, signaling that the company is not overly reliant on debt financing. Overall, GXO Logistics Inc's debt-to-equity ratio analysis suggests a reasonably stable financial position with potential room for optimization in its capital structure.
Peer comparison
Dec 31, 2023