GXO Logistics Inc (GXO)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 9,507,000 | 9,091,000 | 9,126,000 | 9,090,000 | 9,219,000 | 8,806,000 | 8,706,000 | 7,126,000 | 7,271,000 | 7,133,000 | 7,068,000 |
| 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 |
| Financial leverage ratio | 3.26 | 3.27 | 3.29 | 3.39 | 3.49 | 3.43 | 3.44 | 3.04 | 3.09 | 3.11 | 2.46 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $9,507,000K ÷ $2,912,000K
= 3.26
The financial leverage ratio of GXO Logistics Inc has been relatively stable over the past five quarters, ranging from 3.26 to 3.49. This indicates that the company has maintained a consistent level of financial leverage during this period. A financial leverage ratio above 3 suggests that the company's financial leverage is relatively high, as the ratio measures the proportion of a company's total assets that are financed by debt rather than equity. It is important for investors and creditors to monitor the financial leverage ratio to assess the company's ability to meet its debt obligations and the level of risk associated with the company's capital structure. Overall, GXO Logistics Inc's financial leverage ratio indicates a moderate to high degree of leverage in its capital structure.
Peer comparison
Dec 31, 2023