Ryder System Inc (R)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 227,000 | 810,000 | 861,000 | 800,000 |
| Total stockholders’ equity | US$ in thousands | 3,069,000 | 3,097,000 | 3,096,000 | 3,005,000 | 2,937,000 | 3,011,000 | 2,833,000 | 2,649,000 | 2,798,000 | 2,513,650 | 2,418,210 | 2,279,690 | 2,256,000 | 2,150,560 | 2,159,090 | 2,242,740 | 2,476,000 | 2,476,990 | 2,607,710 | 2,566,800 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.25 | 0.25 | 0.24 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,069,000K)
= 0.00
The debt-to-capital ratio of Ryder System, Inc. has remained relatively stable over the past eight quarters, ranging from 0.68 to 0.72. This ratio indicates the proportion of the company's capital structure that is financed through debt. A higher ratio suggests a greater reliance on debt to fund operations and investments.
Ryder System, Inc. has maintained a moderate level of leverage, with the majority of its capital structure funded by debt sources. The stability of the ratio over time indicates consistency in the company's debt management practices. However, the slight increase in the ratio from Q1 2022 to Q1 2023 may suggest a potential increase in debt compared to total capital employed.
It is important for investors and creditors to closely monitor changes in the debt-to-capital ratio as it can impact the company's financial stability and risk profile. Overall, Ryder System, Inc. appears to have a manageable level of debt relative to its total capital, but continued monitoring is advisable to ensure sustainable financial health.
Peer comparison
Dec 31, 2023