Ryder System Inc (R)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 16,672,000 | 16,497,000 | 16,408,000 | 16,481,000 | 15,778,000 | 15,330,000 | 14,971,000 | 14,543,000 | 14,395,000 | 14,499,000 | 14,475,900 | 14,236,300 | 13,835,000 | 12,896,100 | 12,903,000 | 12,674,600 | 12,932,000 | 13,642,000 | 14,208,800 | 14,364,200 |
| Total stockholders’ equity | US$ in thousands | 3,117,000 | 3,056,000 | 3,081,000 | 3,065,000 | 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 |
| Financial leverage ratio | 5.35 | 5.40 | 5.33 | 5.38 | 5.14 | 4.95 | 4.84 | 4.84 | 4.90 | 4.82 | 5.11 | 5.37 | 4.94 | 5.13 | 5.34 | 5.56 | 5.73 | 6.34 | 6.58 | 6.40 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $16,672,000K ÷ $3,117,000K
= 5.35
The financial leverage ratio for Ryder System Inc has shown a downward trend from 6.40 in March 2020 to 5.35 in December 2024. This indicates that the company's reliance on debt to finance its operations has reduced over the years. A decreasing trend in the financial leverage ratio may suggest that the company is becoming less exposed to financial risk associated with high levels of debt. However, it's important to note that a lower leverage ratio may also imply lower profitability potential, as the company may not be utilizing leverage to amplify returns. Overall, a decreasing trend in the financial leverage ratio can be seen as a positive sign of improved financial health and stability for Ryder System Inc.
Peer comparison
Dec 31, 2024