Ryder System Inc (R)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 16,672,000 | 15,778,000 | 14,395,000 | 13,835,000 | 12,932,000 |
| Total stockholders’ equity | US$ in thousands | 3,117,000 | 3,069,000 | 2,937,000 | 2,798,000 | 2,256,000 |
| Financial leverage ratio | 5.35 | 5.14 | 4.90 | 4.94 | 5.73 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $16,672,000K ÷ $3,117,000K
= 5.35
The financial leverage ratio of Ryder System Inc has shown some fluctuation over the years. It decreased from 5.73 in December 31, 2020, to 4.94 in December 31, 2021, and further decreased to 4.90 in December 31, 2022. However, it then increased to 5.14 in December 31, 2023, and slightly increased again to 5.35 in December 31, 2024. This indicates that the company is relying more on debt financing relative to equity, which may pose higher financial risk due to the increased leverage. It is important to monitor this ratio closely to assess the company's ability to meet its financial obligations and manage its debt levels effectively.
Peer comparison
Dec 31, 2024