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 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.58 | 0.63 | 0.66 | 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