Ryder System Inc (R)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,117,000 | 3,069,000 | 2,937,000 | 2,798,000 | 2,256,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,117,000K
= 0.00
Ryder System Inc's debt-to-equity ratio has consistently been at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt financing to fund its operations during this period. A debt-to-equity ratio of 0.00 typically signifies that the company relies solely on equity to support its activities, indicating a lower financial risk compared to companies with higher debt levels. It suggests that the company may have a strong financial position and may not face significant challenges related to debt repayment or interest expenses.
Peer comparison
Dec 31, 2024