Ryder System Inc (R)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 227,000 |
| Total stockholders’ equity | US$ in thousands | 3,069,000 | 2,937,000 | 2,798,000 | 2,256,000 | 2,476,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,069,000K
= 0.00
The debt-to-equity ratio of Ryder System, Inc. has shown a fluctuating trend over the past five years. In 2019, the ratio was relatively high at 3.20, indicating a higher proportion of debt relative to equity in the company's capital structure. Subsequently, there was a downward trend in the following years, with the ratio decreasing to 2.93 in 2020, 2.35 in 2021, and further dropping to 2.16 in 2022.
However, in 2023, the debt-to-equity ratio slightly increased to 2.32. This suggests that the company's reliance on debt compared to equity in financing its operations increased marginally. Overall, while the ratio has seen some fluctuations, it appears that Ryder System, Inc. has been actively managing its debt levels in relation to equity over the years. Further analysis of the company's financial performance and debt management strategies would provide more insights into this trend.
Peer comparison
Dec 31, 2023