XPO Logistics Inc (XPO)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,325,000 | 3,335,000 | 2,473,000 | 3,513,000 | 5,240,000 |
| Total assets | US$ in thousands | 7,712,000 | 7,492,000 | 6,269,000 | 8,717,000 | 16,177,000 |
| Debt-to-assets ratio | 0.43 | 0.45 | 0.39 | 0.40 | 0.32 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,325,000K ÷ $7,712,000K
= 0.43
The debt-to-assets ratio of XPO Logistics Inc has shown a steady increase from 0.32 as of December 31, 2020, to 0.43 as of December 31, 2024. This indicates that, over the years, a higher proportion of the company's assets has been financed through debt. Although the ratio fluctuated slightly between 2021 and 2024, the overall trend indicates a gradual increase in leverage. This may suggest that XPO Logistics Inc has been relying more on borrowing to finance its operations and investments, which could potentially increase financial risk. It is important for investors and stakeholders to monitor this ratio to assess the company's debt management and financial health.
Peer comparison
Dec 31, 2024