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