XPO Logistics Inc (XPO)
Debt-to-equity 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,325,000 | 3,343,000 | 3,330,000 | 3,323,000 | 3,335,000 | 2,447,000 | 2,452,000 | 2,478,000 | 2,473,000 | 2,848,000 | 2,857,000 | 2,877,000 | 3,513,000 | 3,515,000 | 5,181,000 | 5,162,000 | 5,240,000 | 6,545,000 | 6,939,000 | 5,766,000 |
| Total stockholders’ equity | US$ in thousands | 1,601,000 | 1,641,000 | 1,499,000 | 1,332,000 | 1,266,000 | 1,197,000 | 1,119,000 | 1,055,000 | 1,012,000 | 1,786,000 | 1,707,000 | 1,598,000 | 1,138,000 | 1,016,000 | 2,927,000 | 2,776,000 | 2,709,000 | 2,649,000 | 2,484,000 | 2,578,000 |
| Debt-to-equity ratio | 2.08 | 2.04 | 2.22 | 2.49 | 2.63 | 2.04 | 2.19 | 2.35 | 2.44 | 1.59 | 1.67 | 1.80 | 3.09 | 3.46 | 1.77 | 1.86 | 1.93 | 2.47 | 2.79 | 2.24 |
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 exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at 2.24 on March 31, 2020, indicating that for every dollar of equity, the company had $2.24 in debt. Subsequently, the ratio increased to 3.46 by September 30, 2021, reflecting a higher level of debt relative to equity.
However, from March 31, 2022, to June 30, 2024, the debt-to-equity ratio steadily decreased, reaching a low of 1.59 on September 30, 2022. This downward trend suggests that the company reduced its debt levels or increased its equity during this period.
By December 31, 2024, the debt-to-equity ratio had slightly increased to 2.08, indicating that the company had a moderate level of debt compared to its equity. Overall, the fluctuation in the debt-to-equity ratio suggests variations in the company's capital structure and financial leverage over the analyzed period.
Peer comparison
Dec 31, 2024