Universal Logistics Holdings (Universal Logistics Holdings) Debt-to-Equity : 0.89 (As of Dec. 2023)

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What is Universal Logistics Holdings Debt-to-Equity?

Universal Logistics Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $101 Mil. Universal Logistics Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $375 Mil. Universal Logistics Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $532 Mil. Universal Logistics Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.89.

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

ULH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.89 Med: 1.77 Max: 2.7
Current: 0.89

During the past 13 years, the highest Debt-to-Equity Ratio of Universal Logistics Holdings was 2.70. The lowest was 0.89. And the median was 1.77.

ULH's Debt-to-Equity is ranked worse than
64.74% of 882 companies
in the Transportation industry
Industry Median: 0.545 vs ULH: 0.89

Universal Logistics Holdings Debt-to-Equity Historical Data

The historical data trend for Universal Logistics Holdings'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.

Universal Logistics Holdings Debt-to-Equity Chart

Universal Logistics Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.70

2.34

1.78

1.08

0.89

Universal Logistics Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.05	0.99	0.95	0.89	0.71

Competitive Comparison of Universal Logistics Holdings's Debt-to-Equity

For the Trucking subindustry, Universal Logistics Holdings'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.

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

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

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

Universal Logistics Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Universal Logistics Holdings'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
	=	(100.687	+	374.855)	/	532.198
	=	0.89

Universal Logistics Holdings'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
	=	(100.687	+	374.855)	/	532.198
	=	0.89

Universal Logistics Holdings (NAS:ULH) 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.

Universal Logistics Holdings Debt-to-Equity Related Terms

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Universal Logistics Holdings (Universal Logistics Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Universal Logistics Holdings Inc (NAS:ULH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

12755 East Nine Mile Road, Warren, MI, USA, 48089

Website

https://www.universallogistics.com

Universal Logistics Holdings Inc is an asset-light provider of customized transportation and logistics solutions throughout the United States, and in Mexico, Canada and Colombia. It offers services such as truckload, brokerage, intermodal, dedicated, and value-added services. The company reports into four segments namely trucking, intermodal, company-managed brokerage, and contract logistics. The majority of the revenue is earned from the contract logistics segment.

Executives

Matthew T Moroun	director, 10 percent owner	12225 STEPHENS ROAD, WARREN MI 48089
Michael A. Regan	director	360 W. BUTTERFIELD ROAD, SUITE 400, ELMURST IL 60126
Frederick P Calderone	director	C/O CENTRAL TRANSPORT INTL, 12225 STEPHENS RD, WARREN MI 48089
Marcus D. Hudson	director	12755 E. NINE MILE ROAD, WARREN MI 48089
Richard P Urban	director	C/O UNIVERSAL TRUCKLOAD SERVICES, INC., 11355 STEPHENS ROAD, WARREN MI 48089
Nora M. Moroun	10 percent owner	12225 STEPHENS ROAD, WARREN MI 48089
Matthew J. Moroun	director	12225 STEPHENS ROAD, WARREN MI 48089
Timothy Phillips	director, officer: Chief Executive Officer	12755 E. NINE MILE ROAD, WARREN MI 48089
Jeff Rogers	director, officer: Chief Executive Officer	720 SPYGLASS HILL, HOLLAND MI 49424
H.e. Wolfe	director	11355 STEPHENS ROAD, WARREN MI 48089
Clarence W Gooden	director
Grant Edward Belanger	director	12755 EAST NINE MILE ROAD, WARREN MI 48089
Jude Marcus Beres	officer: Chief Financial Officer	12755 E. NINE MILE ROAD, WARREN MI 48089
David A. Crittenden	officer: Chief Financial Officer	11355 STEPHENS ROAD, WARREN MI 48089
Manuel J Moroun	director, 10 percent owner	CENTRAL TRANSPORT INTL, 12225 STEPHENS RD, WARREN MI 48089