GXO Logistics (MEX:GXO) LT-Debt-to-Total-Asset : 0.39 (As of Dec. 2024)

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What is GXO Logistics LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. GXO Logistics's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.39.

GXO Logistics's long-term debt to total assets ratio increased from Dec. 2023 (0.36) to Dec. 2024 (0.39). It may suggest that GXO Logistics is progressively becoming more dependent on debt to grow their business.

GXO Logistics LT-Debt-to-Total-Asset Historical Data

The historical data trend for GXO Logistics's LT-Debt-to-Total-Asset 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.

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GXO Logistics LT-Debt-to-Total-Asset Chart

GXO Logistics Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.26

0.32

0.39

0.36

0.39

GXO Logistics Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.36	0.36	0.40	0.39	0.39

GXO Logistics LT-Debt-to-Total-Asset Calculation

GXO Logistics's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	92161.338	/	234960.316
	=	0.39

GXO Logistics's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	92161.338	/	234960.316
	=	0.39

GXO Logistics (MEX:GXO) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

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GXO Logistics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » GXO Logistics Inc (MEX:GXO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GXO:USA 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, reverse logistics, and other supply chain services differentiated by its ability to deliver technology-enabled, customized solutions at scale. Geographically, it generates revenue from the United Kingdom, the United States, the Netherlands, France, Spain, Italy, and other countries, and derives the majority of its revenue from the United Kingdom.