GXO Logistics (GXO Logistics) Debt-to-Equity : 1.40 (As of Dec. 2023)

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What is GXO Logistics Debt-to-Equity?

GXO Logistics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $624 Mil. GXO Logistics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,462 Mil. GXO Logistics's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,912 Mil. GXO Logistics's debt to equity for the quarter that ended in Dec. 2023 was 1.40.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for GXO Logistics's Debt-to-Equity or its related term are showing as below:

GXO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.75 Med: 1.19 Max: 1.6
Current: 1.4

During the past 6 years, the highest Debt-to-Equity Ratio of GXO Logistics was 1.60. The lowest was 0.75. And the median was 1.19.

GXO's Debt-to-Equity is ranked worse than
78.46% of 882 companies
in the Transportation industry
Industry Median: 0.55 vs GXO: 1.40

GXO Logistics Debt-to-Equity Historical Data

The historical data trend for GXO Logistics's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

GXO Logistics Debt-to-Equity Chart

GXO Logistics Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.83

0.75

1.19

1.60

1.40

GXO Logistics Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial													1.60	1.55	1.46	1.44	1.40

Competitive Comparison of GXO Logistics's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, GXO Logistics's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

GXO Logistics's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, GXO Logistics's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where GXO Logistics's Debt-to-Equity falls into.

GXO Logistics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GXO Logistics's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(624	+	3462)	/	2912
	=	1.40

GXO Logistics's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(624	+	3462)	/	2912
	=	1.40

GXO Logistics (NYSE:GXO) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

GXO Logistics Debt-to-Equity Related Terms

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GXO Logistics (GXO Logistics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » GXO Logistics Inc (NYSE:GXO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GXO:Mexico 93N:Germany

Address

Two American Lane, Greenwich, CT, USA, 06831

Website

https://www.gxo.com

GXO Logistics Inc is a contract logistics company. Its revenue is diversified across numerous verticals and customers, including many multinational corporations. It provides warehousing and distribution, order fulfillment, e-commerce, and reverse logistics, and other supply chain services differentiated by its ability to deliver technology-enabled, customized solutions at scale. Geographically, it derives a majority of revenue from the United Kingdom.

Executives

Gena L Ashe	director	C/O GXO LOGISTICS, INC., TWO AMERICAN LANE, GREENWICH CT 06831
Matthew J. Fassler	director	TWO AMERICAN LANE, GREENWICH CT 06831
Malcolm Wilson	director, officer: Chief Executive Officer	TWO AMERICAN LANE, GREENWICH CT 06831
S Jacobs Bradley	director	C/O XPO, INC., FIVE AMERICAN LANE, GREENWICH CT 06831
Jacobs Private Equity, Llc	director, 10 percent owner	350 ROUND HILL ROAD, GREENWICH CT 06831
Karlis Kirsis	officer: Chief Legal Officer	TWO AMERICAN LANE, GREENWICH CT 06831
Elizabeth Fogarty	officer: Chief Communications Officer	TWO AMERICAN LANE, GREENWICH CT 06831
Jason D Papastavrou	director	C/O GXO LOGISTICS, INC., TWO AMERICAN LANE, GREENWICH CT 06831
Oren Shaffer	director	C/O GXO LOGISTICS, INC., TWO AMERICAN LANE, GREENWICH CT 06831
Marlene M Colucci	director	C/O GXO LOGISTICS, INC., TWO AMERICAN LANE, GREENWICH CT 06831
Maryclaire Hammond	officer: Chief Human Resources Officer	TWO AMERICAN LANE, GREENWICH CT 06831
Joli L. Gross	director	TWO AMERICAN LANE, GREENWICH CT 06831
Paul Blanchett	officer: Chief Accounting Officer	TWO AMERICAN LANE, GREENWICH CT 06831
Clare Chatfield	director	TWO AMERICAN LANE, GREENWICH CT 06831
Xpo Logistics, Inc.	10 percent owner	FIVE AMERICAN LANE, GREENWICH CT 06831