Hub Group Inc (HUBG)

Solvency ratios

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
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
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
Debt-to-equity ratio 0.15 0.15 0.15 0.14 0.15 0.14 0.12 0.12 0.13 0.13 0.12 0.13 0.15 0.13 0.15 0.26 0.17 0.18 0.19 0.21
Financial leverage ratio 1.80 1.79 1.74 1.74 1.76 1.81 1.75 1.78 1.82 1.83 1.81 1.83 1.82 1.82 1.81 1.92 1.85 1.83 1.87 1.92

Hub Group, Inc.'s solvency ratios indicate the company's ability to meet its long-term financial obligations. The debt-to-assets ratio has remained consistent at 0.12 across all quarters, suggesting that only 12% of the company's assets are funded by debt. This indicates a relatively low level of leverage in the company's capital structure.

Similarly, the debt-to-capital and debt-to-equity ratios have also remained relatively stable, hovering around 0.17 and 0.21, respectively. These ratios indicate that Hub Group relies on debt for about 18-22% of its total capital and 21-22% of its total equity. These levels suggest a moderate level of financial risk and a healthy balance between debt and equity financing.

The financial leverage ratio, which measures the proportion of debt in the company's capital structure, has slightly fluctuated between 1.74 and 1.81 over the quarters. A ratio above 1 indicates that the company has more debt than equity, with a ratio of 1.81 in Q3 2022 being the highest observed during the period.

Overall, Hub Group, Inc. demonstrates consistent and moderate levels of leverage in its capital structure based on the solvency ratios analyzed. The company appears to have a prudent approach to managing its long-term debt obligations while maintaining a healthy balance between debt and equity financing.

Coverage ratios

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
Interest coverage 16.57 26.80 38.08 55.59 71.57 69.21 64.68 46.39 32.62 20.99 16.38 12.45 11.29 11.26 11.08 13.36 14.09 15.71 24.03 24.12

Interest coverage measures a company's ability to pay its interest expenses on outstanding debt. The interest coverage ratios of Hub Group, Inc. over the past eight quarters have been consistently strong, averaging around 60 to 70 times. This indicates that the company has ample earnings to cover its interest obligations, providing a margin of safety for creditors. The highest interest coverage ratio was observed in Q4 2022 at 71.58, while the lowest was in Q1 2022 at 46.44. Overall, Hub Group, Inc. has maintained a robust interest coverage position, reflecting its solid financial health and ability to meet its interest payments comfortably.