GXO Logistics Inc (GXO)

Debt-to-equity 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-equity ratio 0.00 0.00 0.58 0.63 0.66 0.00 0.00 0.00 0.00 0.00 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 been trending downwards over the last five quarters, indicating a decreasing reliance on debt to finance its operations and investments relative to shareholders' equity. In Q4 2023, the debt-to-equity ratio stood at 0.57, showing a slight improvement from the previous quarter's ratio of 0.59. This downward trend suggests that the company has been reducing its debt levels or increasing its equity base, which can be a positive sign of financial stability and strength. However, it is important to assess the absolute levels of debt and equity in conjunction with the ratio to gain a more comprehensive understanding of the company's overall financial health.


Peer comparison

Dec 31, 2023