Expeditors International of Washington (Expeditors International of Washington) Debt-to-EBITDA : 0.56 (As of Dec. 2023)

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What is Expeditors International of Washington Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Expeditors International of Washington's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $100 Mil. Expeditors International of Washington's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $428 Mil. Expeditors International of Washington's annualized EBITDA for the quarter that ended in Dec. 2023 was $952 Mil. Expeditors International of Washington's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.55.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Expeditors International of Washington's Debt-to-EBITDA or its related term are showing as below:

EXPD' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.24 Med: 0.43 Max: 0.49
Current: 0.49

During the past 13 years, the highest Debt-to-EBITDA Ratio of Expeditors International of Washington was 0.49. The lowest was 0.24. And the median was 0.43.

EXPD's Debt-to-EBITDA is ranked better than
89.86% of 848 companies
in the Transportation industry
Industry Median: 2.83 vs EXPD: 0.49

Expeditors International of Washington Debt-to-EBITDA Historical Data

The historical data trend for Expeditors International of Washington's Debt-to-EBITDA 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.

Expeditors International of Washington Debt-to-EBITDA Chart

Expeditors International of Washington Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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0.48

0.43

0.24

0.27

0.49

Expeditors International of Washington Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															0.36	0.41	0.47	0.52	0.56

Competitive Comparison of Expeditors International of Washington's Debt-to-EBITDA

For the Integrated Freight & Logistics subindustry, Expeditors International of Washington's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.

Expeditors International of Washington's Debt-to-EBITDA Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Expeditors International of Washington's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Expeditors International of Washington's Debt-to-EBITDA falls into.

Expeditors International of Washington Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Expeditors International of Washington's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(99.749	+	427.984)	/	1087.588
	=	0.49

Expeditors International of Washington's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(99.749	+	427.984)	/	951.684
	=	0.55

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.

Expeditors International of Washington (NYSE:EXPD) Debt-to-EBITDA Explanation

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

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Expeditors International of Washington Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Expeditors International of Washington's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Expeditors International of Washington (Expeditors International of Washington) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Expeditors International of Washington Inc (NYSE:EXPD) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

EXPD:Mexico EW1:Germany

Address

1015 Third Avenue, Seattle, WA, USA, 98104

Website

https://www.expeditors.com

Expeditors International of Washington is a non-asset-based third-party logistics provider, mainly focused on international freight forwarding. Its offers freight consolidation and forwarding, customs brokerage, warehousing and distribution, purchase order management, vendor consolidation, and numerous other value-added logistics services. It employs sophisticated IT systems and contracts with airlines and ocean carriers to move customers' freight across the globe. The firm operates more than 200 full-service office locations worldwide, in addition to numerous satellite locations. In 2022, Expeditors derived 34% of consolidated net revenue from airfreight, 30% from ocean freight, and 36% from customs brokerage and other services.

Executives

Jeffrey S Musser	officer: Senior VP and CIO	C/O EXPEDITORS, 1015 THIRD AVENUE, SEATTLE WA 981041190
Jeffrey F Dickerman	officer: Senior VP - General Counsel	1015 THIRD AVENUE, SEATTLE WA 98104
Benjamin G. Clark	officer: Senior VP - General Counsel	1015 THIRD AVENUE, 12TH FLOOR, SEATTLE WA 98110
Bradley S Powell	officer: Chief Financial Officer	C/O EXPEDITORS, 1015 THIRD AVE, SEATTLE WA 981041190
Blake R Bell	officer: President, Global Products	1015 THIRD AVENUE, SEATTLE WA 98104
Eugene K Alger	officer: Executive VP-North America	1015 THIRD AVENUE, SEATTLE WA 981041190
Brandon Pedersen	director	EXPEDITORS, 1015 THIRD AVE, SEATTLE WA 98104
Robert R Wright	director	C/O EXPEDITORS, 1015 THIRD AVE, SEATTLE WA 981041190
Olivia D Polius	director	C/O EXPEDITORS, 1015 THIRD AVENUE, SEATTLE WA 98104
Christopher J. Mcclincy	officer: Senior VP - CIO	1015 THIRD AVENUE, 12TH FLOOR, SEATTLE WA 98104-1190
Glenn M Alger	director	1015 THIRD AVENUE, SEATTLE WA 981041190
Daniel R Wall	officer: SVP - Ocean Services	C/O EXPEDITORS, 1015 THIRD AVENUE, SEATTLE WA 981041190
Richard H Rostan	officer: President - Global Geographies	C/O EXPEDITORS, 1015 THIRD AVENUE, SEATTLE WA 98104
Mark A Emmert	director	C/O EXPEDITORS, 1015 THIRD AVE, SEATTLE WA 981041190
Philip M Coughlin	officer: Executive VP-North America	1015 THIRD AVENUE, SEATTLE WA 981041190