Hub Group Inc (HUBG)

Debt-to-assets ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Long-term debt US$ in thousands 164,361 187,240 209,875 230,775 245,574 243,834 238,213 236,160 240,724 217,771 188,058 174,669 177,479 165,652 143,101 154,341 176,797 149,004 167,857 284,076
Total assets US$ in thousands 2,868,340 2,833,120 2,858,700 2,891,270 2,936,050 2,918,130 2,800,040 2,887,980 2,810,080 2,752,660 2,679,240 2,547,130 2,437,290 2,291,480 2,186,220 2,154,770 2,105,400 2,064,970 1,999,180 2,094,610
Debt-to-assets ratio 0.06 0.07 0.07 0.08 0.08 0.08 0.09 0.08 0.09 0.08 0.07 0.07 0.07 0.07 0.07 0.07 0.08 0.07 0.08 0.14

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 for Hub Group Inc has shown relatively stable performance over the period from March 31, 2020, to December 31, 2024, fluctuating within a narrow range. The ratio started at 0.14 in March 2020, indicating that 14% of the company's total assets were financed by debt.

Subsequently, the ratio demonstrated a declining trend before stabilizing at 0.07 in September 2020 and maintaining this level until December 31, 2024, with minor fluctuations between 0.06 and 0.09. This suggests that Hub Group Inc has been effectively managing its debt levels in relation to its total assets, maintaining a relatively low debt-to-assets ratio, which can be seen as a positive indicator of the company's financial health and conservative leverage strategy.