GXO Logistics Inc (GXO)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,003,000 | 2,912,000 | 2,645,000 | 2,351,000 | 2,823,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,003,000K
= 0.00
Based on the provided data, GXO Logistics Inc has maintained a consistent debt-to-equity ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations during this period. A debt-to-equity ratio of 0.00 suggests that GXO Logistics Inc relies solely on equity financing, indicating a conservative financial strategy in leveraging external funding sources. It may also imply a strong financial position and stability, as the absence of debt obligations can lower financial risk and interest expenses for the company. However, it's important to consider that a low debt-to-equity ratio may also mean missed opportunities for leveraging debt to potentially enhance returns for shareholders.
Peer comparison
Dec 31, 2024