Ryder System Inc (R)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital 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 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
Ryder System Inc has shown a consistent trend of maintaining a low level of debt in relation to its assets, capital, and equity, as evidenced by its debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio all being at 0.00 across multiple periods from March 2020 to December 2024. This indicates that the company has not relied heavily on debt to finance its operations.
The financial leverage ratio, which measures the company's use of debt to finance its assets, has shown some fluctuations over the same period. Starting at 6.40 in March 2020, the ratio decreased gradually to 4.82 in September 2022 before increasing slightly to 5.35 by December 2024. Overall, the decreasing trend in the financial leverage ratio suggests that Ryder System Inc has been gradually reducing its reliance on debt financing in favor of equity financing, which could be seen as a positive indicator of financial stability and solvency.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2.71 | 2.73 | 2.92 | 2.65 | 3.09 | 3.75 | 4.40 | 5.85 | 6.35 | 6.35 | 5.72 | 5.13 | 4.22 | 3.07 | 2.42 | 1.17 | 0.46 | -0.12 | -0.66 | 0.09 |
The interest coverage ratio of Ryder System Inc has shown fluctuations over the given periods. It started at a concerning level of 0.09 as of March 31, 2020, indicating a lack of earnings to cover interest expenses. Subsequently, the ratio became negative in the following quarters, with a notable decline to -0.66 as of June 30, 2020, and continued to be negative until December 31, 2020. This suggests that the company was struggling to generate sufficient operating income to cover its interest payments.
However, there was a significant improvement in the interest coverage ratio starting from March 31, 2021, where it rose to above 1, indicating that the company's operating income was sufficient to cover its interest expenses. The ratio continued to increase steadily over the next few quarters, reaching its peak at 6.35 as of September 30, 2022, and maintained at the same level until December 31, 2022.
Subsequently, the interest coverage ratio started to decline from March 31, 2023, indicating a potential decrease in the company's ability to cover interest costs. The ratio fell to 2.65 as of March 31, 2024, which indicates a moderate decline in earnings relative to interest expenses. The ratio remained relatively stable around the range of 2.65 to 2.92 from March 31, 2024, to June 30, 2024, suggesting that the company may need to closely monitor its ability to cover interest payments in the future.
Overall, the trend in Ryder System Inc's interest coverage ratio indicates periods of financial stress followed by improvements in profitability, but there are signs of a recent slight deterioration in its ability to cover interest expenses. Continued monitoring and analysis of the company's financial performance will be crucial to assess its long-term financial health.