Hub Group Inc (HUBG)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,868,340 | 2,936,050 | 2,810,080 | 2,437,290 | 2,105,400 |
| Total stockholders’ equity | US$ in thousands | 1,645,000 | 1,634,640 | 1,599,600 | 1,340,310 | 1,157,920 |
| Financial leverage ratio | 1.74 | 1.80 | 1.76 | 1.82 | 1.82 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,868,340K ÷ $1,645,000K
= 1.74
The financial leverage ratio of Hub Group Inc has been relatively stable over the past five years, ranging between 1.74 and 1.82. This ratio indicates that the company's reliance on debt financing compared to equity has remained consistent. A financial leverage ratio of 1.82 in 2020 and 2021 suggests that the company used 1.82 times more debt than equity to finance its operations during those years. The slight decrease in the ratio to 1.76 in 2022 and subsequent increase to 1.80 in 2023 and 1.74 in 2024 may imply some fluctuations in the company's debt and equity structure over the years. Overall, maintaining a stable financial leverage ratio indicates a consistent approach to balancing debt and equity in the company's capital structure.
Peer comparison
Dec 31, 2024