Hub Group Inc (HUBG)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,634,640 | 1,629,070 | 1,610,740 | 1,659,050 | 1,599,600 | 1,517,380 | 1,535,190 | 1,426,970 | 1,340,310 | 1,255,120 | 1,207,080 | 1,176,500 | 1,157,920 | 1,135,010 | 1,105,840 | 1,088,710 | 1,075,280 | 1,044,560 | 1,032,580 | 1,007,060 |
Debt-to-capital ratio | 0.13 | 0.13 | 0.13 | 0.12 | 0.13 | 0.13 | 0.11 | 0.11 | 0.12 | 0.12 | 0.11 | 0.12 | 0.13 | 0.12 | 0.13 | 0.21 | 0.15 | 0.16 | 0.16 | 0.18 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $245,574K ÷ ($245,574K + $1,634,640K)
= 0.13
The debt-to-capital ratio of Hub Group, Inc. has been relatively stable over the past eight quarters, ranging between 0.16 and 0.18. This indicates that the company's level of debt relative to its total capital has remained consistent. The slight fluctuations in the ratio suggest that the company has been effectively managing its debt levels and capital structure during this period. Additionally, the consistently low ratio indicates that the company is not overly reliant on debt to finance its operations, which can be seen as a positive sign of financial strength and stability. Overall, the trend in Hub Group's debt-to-capital ratio suggests a prudent approach to leveraging debt in its capital structure.
Peer comparison
Dec 31, 2023