Ryder System Inc (R)
Debt-to-equity 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-equity 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 | 0.09 | 0.33 | 0.33 | 0.31 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,069,000K
= 0.00
Based on the data provided, the debt-to-equity ratio of Ryder System, Inc. has been fluctuating over the past eight quarters. The trend shows that the company's debt levels have generally exceeded its equity levels during this period.
In Q4 2023, the debt-to-equity ratio was 2.32, which indicates that for every dollar of equity, Ryder System, Inc. had $2.32 of debt. This ratio has shown a slight increase compared to the previous quarter, where it was 2.14.
Although the ratio has been above 2 for most of the quarters, it is worth noting that there was a peak in Q1 2022 when the ratio reached 2.56. This suggests that Ryder System, Inc. had relatively high levels of debt compared to its equity at that point in time.
Overall, the sustained high debt-to-equity ratio may indicate that Ryder System, Inc. relies heavily on debt financing to support its operations and growth initiatives. Investors and stakeholders may need to closely monitor the company's ability to manage and service its debt obligations in the long term.
Peer comparison
Dec 31, 2023