Hub Group Inc (HUBG)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 164,361 | 245,574 | 240,724 | 177,479 | 176,797 |
| Total assets | US$ in thousands | 2,868,340 | 2,936,050 | 2,810,080 | 2,437,290 | 2,105,400 |
| Debt-to-assets ratio | 0.06 | 0.08 | 0.09 | 0.07 | 0.08 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $164,361K ÷ $2,868,340K
= 0.06
The debt-to-assets ratio of Hub Group Inc has shown consistency over the past five years, ranging from 0.06 to 0.09. This ratio indicates the proportion of the company's assets that are financed by debt. A lower ratio suggests that a smaller portion of the company's assets is funded by debt, which is generally viewed positively as it indicates lower financial risk and greater financial stability. Hub Group Inc's decreasing trend in the debt-to-assets ratio from 0.09 in 2022 to 0.06 in 2024 suggests a decreasing reliance on debt financing, which can be seen as a positive sign of strong financial health and prudent financial management. Overall, maintaining a low and stable debt-to-assets ratio reflects Hub Group Inc's conservative approach to managing its financial leverage.
Peer comparison
Dec 31, 2024