Ryder System (NYSE:R) Debt-to-EBITDA

: 3.36 (As of Jun. 2023)

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

Ryder System's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1,526 Mil. Ryder System's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $5,781 Mil. Ryder System's annualized EBITDA for the quarter that ended in Jun. 2023 was $2,176 Mil. Ryder System's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was 3.36.

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 Ryder System's Debt-to-EBITDA or its related term are showing as below:

R' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.16 Med: 3.03 Max: 3.74
Current: 2.47

During the past 13 years, the highest Debt-to-EBITDA Ratio of Ryder System was 3.74. The lowest was 2.16. And the median was 3.03.

R's Debt-to-EBITDA is ranked worse than
59.48% of 802 companies
in the Business Services industry
Industry Median: 1.86 vs R: 2.47

Ryder System Debt-to-EBITDA Historical Data

The historical data trend for Ryder System'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.

Ryder System Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-EBITDA

3.39

3.74

3.02

2.55

2.16

Ryder System Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-EBITDA																2.14	2.08	2.13	2.38	3.36

Competitive Comparison

For the Rental & Leasing Services subindustry, Ryder System'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.

Annual Data Quarterly Data

Ryder System Debt-to-EBITDA Distribution

For the Business Services industry and Industrials sector, Ryder System's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Ryder System's Debt-to-EBITDA falls in comparison to its industry or sector. The grey bar indicates the Debt-to-EBITDA's extreme value range as defined by GuruFocus.

Ryder System Debt-to-EBITDA Calculation

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

Ryder System's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1540	+	5544)	/	3275
	=	2.16

Ryder System's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1526	+	5781)	/	2176
	=	3.36

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 (Jun. 2023) EBITDA data.

Ryder System (NYSE:R) 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.

Ryder System Debt-to-EBITDA Related Terms

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

Ryder System (NYSE:R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ryder System Inc (NYSE:R) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

R1:Mexico RYD:Germany

Address

11690 N.W. 105th Street, Miami, FL, USA, 33178

Website

https://www.ryder.com

Ryder System Inc operates in three business segments: (1) Fleet Management Solutions which provides full-service leasing and leasing with flexible maintenance options, commercial rental and maintenance services of trucks, tractors and trailers to customers; (2) Supply Chain Solutions (SCS), which provides integrated logistics solutions, including distribution management, dedicated transportation, transportation management, brokerage, e-commerce, last mile, and professional services; and (3) Dedicated Transportation Solutions (DTS), which provides turnkey transportation solutions in the U.S., including dedicated vehicles, professional drivers, management, and administrative support.

Executives

Charles M Swoboda	director	C/O CREE, INC., 4600 SILICON DRIVE, DURHAM NC 27703
Sanford J. Hodes	officer: SVP, Chief Procurement Officer	11690 NW 105 STREET, MIAMI FL 33178
Thomas M. Havens	officer: President, Global FMS	11690 N.W. 105TH STREET, MIAMI FL 33178
Cristina Gallo-aquino	officer: SVP and Controller	11690 N.W. 105TH STREET, MIAMI FL 33178
Scott T Parker	officer: EVP & CFO	C/O RYDER SYSTEM, INC., 11690 N.W. 105TH STREET, MIAMI FL 33178
David G Nord	director	UNITED TECHNOLOGIES CORP, ONE FINANCIAL PLAZA, HARTFORD CT 06101
Dmitri L Stockton	director	777 LONG RIDGE ROAD, SYNCHRONY FINANCIAL C/O CORP. SECRETARY, STAMFORD CT 06902
Timothy R. Fiore	officer: SVP & CPO	11690 N.W. 105TH STREET, MIAMI FL 33178
Rajeev Ravindran	officer: SVP & CIO	11690 N.W. 105TH STREET, MIAMI FL 33178
Frank Mullen	officer: Vice President and Controller	4553 GLENCOE AVENUE, SUITE 300, LOS ANGELES CA 90292
Melvin L. Kirk	officer: SVP & CIO	11690 N.W. 105TH STREET, MIAMI FL 33178
John J. Diez	officer: President, Ryder Dedicated	11690 N.W. 105TH STREET, MIAMI FL 33178
John S. Sensing	officer: President, Global Supply Chain	11690 N.W. 105TH STREET, MIAMI FL 33178
Art A Garcia	officer: EVP & Chief Financial Officer	11690 N.W. 105TH STREET, MIAMI FL 33178
Dennis C Cooke	officer: President, Global FMS	11690 N.W. 105TH STREET, MIAMI FL 33178