Hub Group Inc (HUBG)

Debt-to-capital 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 stockholders’ equity US$ in thousands 1,645,000 1,626,270 1,641,130 1,622,220 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
Debt-to-capital ratio 0.09 0.10 0.11 0.12 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

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $164,361K ÷ ($164,361K + $1,645,000K)
= 0.09

The debt-to-capital ratio of Hub Group Inc has shown a decreasing trend from March 31, 2020 to December 31, 2024. The ratio decreased from 0.21 as of March 31, 2020 to 0.09 as of December 31, 2024. This indicates that the company has been reducing its reliance on debt to finance its operations and investments relative to its total capital over the period. A decreasing debt-to-capital ratio is generally viewed positively by investors and creditors as it signifies improved financial stability and lower financial risk for the company. It suggests that the company has been managing its capital structure effectively and potentially enhancing its overall financial health.