Ryder System Inc (R)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 5.35 | 5.14 | 4.90 | 4.94 | 5.73 |
Ryder System Inc's solvency ratios indicate a strong financial position with consistently low levels of debt relative to its assets, capital, and equity. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all been reported as 0.00 over the years 2020 to 2024, indicating that the company has not relied heavily on debt to finance its operations and investments.
Furthermore, the financial leverage ratio, which reflects the proportion of total assets that are financed by debt, has ranged between 4.90 and 5.73 over the same period. This suggests that Ryder System Inc has maintained a conservative capital structure and has not taken on excessive financial risk.
Overall, the solvency ratios indicate that Ryder System Inc has a solid financial foundation and is well-positioned to meet its financial obligations and sustain its operations in the long term.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 2.71 | 3.09 | 6.35 | 4.22 | 0.46 |
The interest coverage ratio for Ryder System Inc has shown significant fluctuations over the past five years. In December 2020, the interest coverage was notably low at 0.46, indicating that the company's earnings were insufficient to cover its interest expenses. However, there has been a notable improvement in subsequent years, with the ratio increasing to 4.22 by December 2021, 6.35 by December 2022, and 3.09 by December 2023.
Despite these improvements, the interest coverage ratio experienced a slight decline to 2.71 by December 2024. This suggests that although the company's earnings are still able to cover its interest obligations, the margin of safety has decreased compared to previous years.
Overall, the trend in Ryder System Inc's interest coverage ratio demonstrates an improvement in the company's ability to meet its interest payments over the years, with some fluctuations along the way. It is essential for investors and stakeholders to monitor this ratio to ensure that the company maintains a healthy financial position.