Expeditors International of Washington (Expeditors International of Washington) Cash-to-Debt

: 2.87 (As of Dec. 2023)

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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Expeditors International of Washington's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.87.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Expeditors International of Washington could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

EXPD' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.87 Med: 5001.96 Max: No Debt
Current: 2.87

During the past 13 years, Expeditors International of Washington's highest Cash to Debt Ratio was No Debt. The lowest was 2.87. And the median was 5001.96.

EXPD's Cash-to-Debt is ranked better than
82.44% of 968 companies
in the Transportation industry
Industry Median: 0.49 vs EXPD: 2.87

Expeditors International of Washington Cash-to-Debt Historical Data

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

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Expeditors International of Washington Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

3.14

3.49

3.70

3.92

2.87

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
Cash-to-Debt																3.92	4.52	3.22	3.16	2.87

Competitive Comparison

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

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

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

Expeditors International of Washington Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

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

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1512.883	/	(99.749	+	427.984)
	=	2.87

Expeditors International of Washington's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1512.883	/	(99.749	+	427.984)
	=	2.87

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

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Expeditors International of Washington Cash-to-Debt Related Terms

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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 » Cash-to-Debt

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