Ryder System Balance Sheet Health
Financial Health criteria checks 2/6
Ryder System has a total shareholder equity of $3.1B and total debt of $7.5B, which brings its debt-to-equity ratio to 244.3%. Its total assets and total liabilities are $16.5B and $13.4B respectively. Ryder System's EBIT is $796.0M making its interest coverage ratio 2.5. It has cash and short-term investments of $234.0M.
Key information
244.3%
Debt to equity ratio
US$7.49b
Debt
Interest coverage ratio | 2.5x |
Cash | US$234.00m |
Equity | US$3.07b |
Total liabilities | US$13.42b |
Total assets | US$16.48b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RYD's short term assets ($2.4B) do not cover its short term liabilities ($2.9B).
Long Term Liabilities: RYD's short term assets ($2.4B) do not cover its long term liabilities ($10.5B).
Debt to Equity History and Analysis
Debt Level: RYD's net debt to equity ratio (236.6%) is considered high.
Reducing Debt: RYD's debt to equity ratio has reduced from 276.6% to 244.3% over the past 5 years.
Debt Coverage: RYD's debt is well covered by operating cash flow (32.1%).
Interest Coverage: RYD's interest payments on its debt are not well covered by EBIT (2.5x coverage).