XPO Logistics Inc (XPO)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,601,000 | 1,266,000 | 1,012,000 | 1,138,000 | 2,709,000 |
| Debt-to-capital ratio | 0.67 | 0.72 | 0.71 | 0.76 | 0.66 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,325,000K ÷ ($3,325,000K + $1,601,000K)
= 0.67
Based on the provided data, the debt-to-capital ratio of XPO Logistics Inc has shown some fluctuations over the years. As of December 31, 2020, the ratio stood at 0.66, indicating that 66% of the company's capital was financed through debt.
By December 31, 2021, the ratio had increased to 0.76, suggesting a higher reliance on debt financing, with 76% of the capital structure being funded by debt. However, in the following years, the ratio moderated to 0.71 as of December 31, 2022, and remained relatively stable at 0.72 by December 31, 2023.
The debt-to-capital ratio decreased slightly to 0.67 by December 31, 2024, indicating a potential reduction in debt relative to total capital. Overall, the trend in the debt-to-capital ratio shows some variability, with the company's capital structure balancing between debt and equity financing over the years.
Peer comparison
Dec 31, 2024