Ryder System Inc (R)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 16,672,000 | 15,778,000 | 14,395,000 | 13,835,000 | 12,932,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $16,672,000K
= 0.00
The debt-to-assets ratio of Ryder System Inc has been consistently reported as 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt relative to its total assets during this period. A debt-to-assets ratio of zero suggests that the company is not relying on debt to finance its operations and that it primarily funds its assets through equity. This may reflect a strong financial position and lower financial risk for the company as it does not have significant debt obligations to service. However, it is also important to consider other financial metrics and factors to assess the overall financial health and performance of Ryder System Inc.
Peer comparison
Dec 31, 2024