Echo Global Logistics (Echo Global Logistics) Debt-to-Equity : 0.29 (As of Sep. 2021)

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What is Echo Global Logistics Debt-to-Equity?

Echo Global Logistics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $0 Mil. Echo Global Logistics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $130 Mil. Echo Global Logistics's Total Stockholders Equity for the quarter that ended in Sep. 2021 was $454 Mil. Echo Global Logistics's debt to equity for the quarter that ended in Sep. 2021 was 0.29.

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 Echo Global Logistics's Debt-to-Equity or its related term are showing as below:

ECHO's Debt-to-Equity is not ranked ^*
in the Transportation industry.
Industry Median: 0.55
* Ranked among companies with meaningful Debt-to-Equity only.

Echo Global Logistics Debt-to-Equity Historical Data

The historical data trend for Echo Global 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.

Echo Global Logistics Debt-to-Equity Chart

Echo Global Logistics Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

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0.57

0.59

0.47

0.49

0.41

Echo Global Logistics Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Debt-to-Equity	Get a 7-Day Free Trial															0.45	0.41	0.39	0.34	0.29

Competitive Comparison of Echo Global Logistics's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, Echo Global 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.

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

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

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

Echo Global Logistics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Echo Global Logistics's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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
	=	(0	+	161.596)	/	399.369
	=	0.40

Echo Global Logistics's Debt to Equity Ratio for the quarter that ended in Sep. 2021 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
	=	(0	+	129.74)	/	453.716
	=	0.29

Echo Global Logistics (NAS:ECHO) 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.

Echo Global Logistics Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Echo Global Logistics's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Echo Global Logistics (Echo Global Logistics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Echo Global Logistics Inc (NAS:ECHO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 West Chicago Avenue, Suite 725, Chicago, IL, USA, 60654

Website

https://www.echo.com

Founded in 2005, Echo Global Logistics is an asset-light third-party logistics provider primarily focused on domestic truckload and less-than-truckload brokerage. It also offers intermodal and international air and ocean freight forwarding services, though to a lesser degree. Key strategic initiatives include gaining organic market share in the highly fragmented brokerage industry and supplementing its sales capabilities through tuck-in acquisitions. Echo completed its initial public offering in October 2009.

Executives

Douglas R Waggoner	director, officer: Chief Executive Officer
Matthew Wagner Ferguson	director	C/O ECHO GLOBAL LOGISTICS, INC. 600 W CHICAGO AVE, SUITE 725 CHICAGO IL 60654
Samuel K Skinner	director	233 NORTH MICHIGAN AVENUE, 22ND FLOOR, CHICAGO IL 60601
David B Menzel	officer: Chief Financial Officer	C/O ECHO GLOBAL LOGISTICS, INC. 600 WEST CHICAGO AVENUE, SUITE 725 CHICAGO IL 60654
Douglas Hong	officer: Controller	600 WEST CHICAGO AVENUE SUITE 725 CHICAGO IL 60654
Peter Rogers	officer: Controller	C/O ECHO GLOBAL LOGISTICS 600 W. CHICAGO AVENUE, SUITE 725 CHICAGO IL 60654
Kyle Sauers	officer: Chief Financial Officer	C/O ECHO GLOBAL LOGISTICS, 600 W. CHICAGO AVENUE, SUITE 725, CHICAGO IL 60654
Virginia Henkels	director	SWIFT TRANSPORTATION COMPANY, 2200 SOUTH 75TH AVENUE, PHOENIX AZ 85043
Farrow William M Iii	director	C/O CBOE GLOBAL MARKETS, INC., 433 WEST VAN BUREN STREET, CHICAGO IL 60607
Paul Loeb	director	600 W. CHICAGO AVENUE SUITE 725 CHICAGO IL 60654
Bradley A Keywell	director
Eric P Lefkofsky	director, 10 percent owner	501 SILVERSIDE ROAD SUITE 87F, WILMONGTON DE 19809
Evan Schumacher	officer: Chief Commercial Officer	C/O ECHO GLOBAL LOGISTICS 600 W. CHICAGO AVENUE, SUITE 725 CHICAGO IL 60654
Nelda J Connors	director	BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234
John R Walter	director	401 NORTH AHWAHNEE RD, LAKE FOREST IL 60045