XPO Logistics Inc (XPO)
Debt-to-equity 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-equity ratio | 2.08 | 2.63 | 2.44 | 3.09 | 1.93 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,325,000K ÷ $1,601,000K
= 2.08
The debt-to-equity ratio of XPO Logistics Inc has been fluctuating over the past five years. It stood at 1.93 as of December 31, 2020, indicating that the company had $1.93 in debt for every $1 of equity. The ratio increased to 3.09 by December 31, 2021, reflecting a significant rise in the level of debt relative to equity.
Subsequently, the ratio declined to 2.44 by December 31, 2022, suggesting a reduction in the company's reliance on debt financing compared to the previous year. However, by the end of December 31, 2023, the ratio had slightly increased to 2.63, indicating a slight uptick in the proportion of debt relative to equity.
As of December 31, 2024, the debt-to-equity ratio decreased to 2.08, showing a decrease in the level of debt compared to equity from the previous year. Overall, the trend in the debt-to-equity ratio of XPO Logistics Inc demonstrates varying degrees of leverage over the past five years, with the company taking on different levels of debt in relation to its equity position.
Peer comparison
Dec 31, 2024