Hub Group Inc (HUBG)

Debt-to-assets 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	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	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	186,934	192,422	199,194	215,233
Total assets	US$ in thousands	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	1,991,570	1,910,680	1,930,120	1,931,310
Debt-to-assets ratio		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	0.09	0.10	0.10	0.11

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $245,574K ÷ $2,936,050K
= 0.08

The debt-to-assets ratio of Hub Group, Inc. has remained consistent at 0.12 for the past eight quarters. This indicates that the company typically finances 12% of its total assets through debt, while the remaining 88% is funded through equity. The stability of this ratio suggests that Hub Group, Inc. has a balanced capital structure and is managing its debt levels effectively. A consistent debt-to-assets ratio can also indicate the company's ability to meet its debt obligations on an ongoing basis, providing a measure of financial stability.