XPO Logistics Inc (XPO)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 7,492,000 | 6,269,000 | 8,717,000 | 16,177,000 | 14,128,000 |
| Total stockholders’ equity | US$ in thousands | 1,266,000 | 1,012,000 | 1,138,000 | 2,709,000 | 2,743,000 |
| Financial leverage ratio | 5.92 | 6.19 | 7.66 | 5.97 | 5.15 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,492,000K ÷ $1,266,000K
= 5.92
The financial leverage ratio of XPO Inc has fluctuated over the past five years. The ratio was relatively stable around the range of 5.15 to 5.97 from 2019 to 2022. However, there was a significant increase in the ratio to 7.65 in 2021, indicating higher financial leverage that year. Subsequently, the ratio decreased to 6.19 in 2022 and further to 5.92 in 2023, suggesting a trend towards lower financial leverage in those years.
Overall, the company's financial leverage ratio has shown variability, with a peak in 2021 followed by a gradual decline in subsequent years. This indicates changes in the company's debt levels and equity structure over the analyzed period.
Peer comparison
Dec 31, 2023