XPO Logistics Inc (XPO)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 7,712,000 | 7,923,000 | 7,729,000 | 7,603,000 | 7,492,000 | 6,428,000 | 6,352,000 | 6,348,000 | 6,269,000 | 8,503,000 | 8,640,000 | 9,320,000 | 8,717,000 | 8,533,000 | 15,564,000 | 15,369,000 | 16,177,000 | 15,745,000 | 15,641,000 | 14,562,000 |
| 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 |
| Financial leverage ratio | 4.82 | 4.83 | 5.16 | 5.71 | 5.92 | 5.37 | 5.68 | 6.02 | 6.19 | 4.76 | 5.06 | 5.83 | 7.66 | 8.40 | 5.32 | 5.54 | 5.97 | 5.94 | 6.30 | 5.65 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,712,000K ÷ $1,601,000K
= 4.82
The financial leverage ratio of XPO Logistics Inc has shown fluctuation over the period from March 31, 2020, to December 31, 2024. The ratio ranged from a low of 4.76 on September 30, 2022, to a high of 8.40 on September 30, 2021. Generally, a higher financial leverage ratio indicates that a company is using more debt to finance its operations, while a lower ratio suggests a more conservative approach with less reliance on debt. XPO Logistics Inc's financial leverage ratio trended downwards in the latter part of the period, from a peak of 8.40 in September 2021 to a low of 4.82 by December 31, 2024. This decreasing trend may indicate a shift towards a more balanced capital structure or reduced reliance on debt financing. Investors and analysts typically monitor changes in the financial leverage ratio to assess the company's risk profile and financial stability.
Peer comparison
Dec 31, 2024