Ryder System, Inc. (R) Balance Sheet

NYSE: RAssets, liabilities, debt and equity over 10 years.

R balance sheet, 2025

December 31, 2025 · U.S. dollars

$16.39B assets = $13.34B liabilities + $3.05B equity

Both columns are drawn to the same scale: what R owns equals what it owes plus shareholders’ equity. Hover a block for its value.

R financial health

Current ratio0.89

Tight · current assets cover current liabilities 0.89×

Debt / equity2.84

High leverage · $2.84 of debt for each $1 of equity

Equity / assets18.6%

Thin equity · of assets funded by shareholders

Cash / debt2.3%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles9.5%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

R balance sheet trends, 2016–2025

Ryder System, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$10.90B2016	$16.39B2025	+4.6%/yr
Total liabilities	$8.85B2016	$13.34B2025	+4.7%/yr
Shareholders’ equity	$2.05B2016	$3.05B2025	+4.5%/yr
Cash & short-term investments	$58.8M2016	$198.0M2025	+14.4%/yr
Total debt	$5.39B2016	$8.68B2025	+5.4%/yr
Net cash (debt)	−$5.33B2016	−$8.48B2025	−$3.1B
Working capital	−$642.5M2016	−$305.0M2025	+$337.5M
Book value per share	$38.462016	$73.012025	+7.4%/yr
Current ratio	0.632016	0.892025	+0.26
Debt / equity	2.632016	2.842025	+0.22
Shares outstanding	53.4M2016	41.8M2025	−2.7%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

R assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

R liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

R debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

R balance sheet

Ryder System, Inc. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	$198.0M	$154.0M	$204.0M	$267.0M	$234.0M	$151.3M	$73.6M	$68.1M	$78.3M	$58.8M
Cash & equivalents	$198.0M	$154.0M	$204.0M	$267.0M	$234.0M	$151.3M	$73.6M	$68.1M	$78.3M	$58.8M
Short-term investments	—	—	—	—	—	—	—	—	$4.7M	$3.8M
Receivables	$1.90B	$1.86B	$1.71B	$1.61B	$1.46B	$1.18B	$1.23B	$1.24B	$1.01B	$831.9M
Inventory	$0	$0	−$1.71B	$78.0M	$68.7M	$61.2M	$80.8M	$79.2M	$73.5M	$69.5M
Other current assets	$378.0M	$448.0M	$2.06B	$245.0M	$693.3M	$200.7M	$179.2M	$178.3M	$160.1M	$141.3M
Total current assets	$2.47B	$2.46B	$2.27B	$2.20B	$2.46B	$1.60B	$1.56B	$1.57B	$1.32B	$1.10B
Property, plant & equipment (net)	$10.99B	$11.29B	$10.96B	$9.95B	$9.31B	$9.70B	$11.35B	$10.15B	$9.03B	$8.76B
Goodwill & intangible assets	$1.56B	$1.61B	$1.34B	$1.16B	$741.1M	$518.5M	$525.9M	$534.3M	$438.4M	$435.0M
Long-term investments	$0	$0	$0	$0	$0	$0	$1.04B	$606.6M	$559.5M	$472.3M
Other non-current assets	$1.36B	$1.31B	$1.22B	$1.09B	$1.32B	$1.11B	$0	$492.2M	$116.1M	$129.0M
Total assets	$16.39B	$16.67B	$15.78B	$14.39B	$13.83B	$12.93B	$14.48B	$13.35B	$11.46B	$10.90B
Liabilities
Accounts payable	$689.0M	$828.0M	$833.0M	$767.0M	$747.9M	$547.4M	$594.7M	$731.9M	$599.3M	$445.5M
Short-term debt	$1.12B	$1.42B	$1.82B	$1.54B	$1.43B	$595.4M	$1.23B	$1.01B	$826.1M	$791.4M
Deferred revenue	$228.0M	$227.0M	$245.0M	$262.0M	$277.3M	$263.3M	$247.8M	$241.3M	$83.9M	$75.3M
Total current liabilities	$2.78B	$3.27B	$3.65B	$3.32B	$1.87B	$1.54B	$1.47B	$2.52B	$2.01B	$1.74B
Long-term debt	$6.83B	$6.66B	$5.53B	$5.00B	$5.25B	$6.09B	$6.77B	$5.69B	$4.58B	$4.60B
Lease obligations	$1.03B	$1.11B	$1.03B	$732.0M	$355.8M	$265.2M	$223.6M	—	—	—
Other long-term liabilities	$3.73B	$3.62B	$3.53B	$3.14B	$3.92B	$3.05B	$3.76B	$2.60B	$2.02B	$2.51B
Total liabilities	$13.34B	$13.55B	$12.71B	$11.46B	$11.04B	$10.68B	$12.00B	$10.81B	$8.62B	$8.85B
Shareholders' equity
Common stock & paid-in capital	$20.0M	$21.0M	$22.0M	$23.0M	$26.9M	$26.9M	$26.6M	$26.6M	$26.5M	$26.7M
Retained earnings (deficit)	$2.57B	$2.64B	$2.55B	$2.52B	$2.27B	$1.91B	$2.18B	$2.34B	$2.47B	$1.83B
Treasury stock	—	—	—	—	—	—	—	—	$0	$0
Accumulated other comprehensive income	−$620.0M	−$692.0M	−$655.0M	−$796.0M	−$689.2M	−$817.2M	−$836.5M	−$911.6M	−$707.5M	−$834.0M
Minority interest	—	—	—	—	—	—	—	—	$0	$0
Total shareholders' equity	$3.05B	$3.12B	$3.07B	$2.94B	$2.80B	$2.26B	$2.48B	$2.54B	$2.84B	$2.05B
Key figures
Total debt	$8.68B	$8.88B	$8.15B	$7.08B	$6.68B	$6.69B	$8.00B	$6.86B	$5.41B	$5.39B
Net cash (debt)	−$8.48B	−$8.73B	−$7.94B	−$6.82B	−$6.45B	−$6.54B	−$7.92B	−$6.79B	−$5.33B	−$5.33B
Working capital	−$305.0M	−$808.0M	−$1.38B	−$1.12B	$593.2M	$58.9M	$91.3M	−$949.0M	−$692.1M	−$642.5M
Tangible book value	$1.49B	$1.50B	$1.73B	$1.78B	$2.06B	$1.74B	$1.95B	$2.00B	$2.40B	$1.62B
Book value per share	$73.01	$70.47	$66.02	$57.72	$52.29	$43.08	$47.30	$48.13	$53.63	$38.46
Shares outstanding	41.8M	44.2M	46.5M	50.9M	53.5M	52.4M	52.3M	52.7M	53.0M	53.4M
Current ratio	0.89	0.75	0.62	0.66	1.32	1.04	1.06	0.62	0.66	0.63
Quick ratio	0.75	0.62	0.53	0.57	0.91	0.87	0.89	0.52	0.54	0.51
Debt / equity	2.84	2.85	2.65	2.41	2.39	2.97	3.23	2.70	1.90	2.63
Equity / assets	18.6%	18.7%	19.5%	20.4%	20.2%	17.4%	17.1%	19.0%	24.8%	18.8%

Ryder System, Inc. quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	$219.0M	$182.0M	$198.0M	$189.0M	$180.0M	$151.0M	$154.0M	$162.0M	$164.0M	$234.0M	$204.0M	$159.0M
Cash & equivalents	$219.0M	$182.0M	$198.0M	$189.0M	$180.0M	$151.0M	$154.0M	$162.0M	$164.0M	$234.0M	$204.0M	$159.0M
Receivables	$2.00B	$1.93B	$1.90B	$2.12B	$1.85B	$1.82B	$1.86B	$1.87B	$1.86B	$1.81B	$1.71B	$1.65B
Inventory	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	−$1.71B	$75.0M
Other current assets	$329.0M	$372.0M	$378.0M	$294.0M	$307.0M	$352.0M	$448.0M	$350.0M	$346.0M	$358.0M	$2.06B	$231.0M
Total current assets	$2.54B	$2.49B	$2.47B	$2.61B	$2.34B	$2.33B	$2.46B	$2.38B	$2.37B	$2.41B	$2.27B	$2.11B
Property, plant & equipment (net)	$2.25B	$1.29B	$10.99B	$11.03B	$11.19B	$11.17B	$11.29B	$11.21B	$11.13B	$11.22B	$10.96B	$10.85B
Goodwill & intangible assets	$1.54B	$1.56B	$1.56B	$1.58B	$1.59B	$1.60B	$1.61B	$1.61B	$1.60B	$1.59B	$1.34B	$1.13B
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$9.75B	$10.89B	$1.36B	$1.33B	$1.35B	$1.32B	$1.31B	$1.30B	$1.30B	$1.27B	$1.22B	$1.23B
Total assets	$16.09B	$16.23B	$16.39B	$16.55B	$16.47B	$16.42B	$16.67B	$16.50B	$16.41B	$16.48B	$15.78B	$15.33B
Liabilities
Accounts payable	$734.0M	$725.0M	$689.0M	$676.0M	$838.0M	$864.0M	$828.0M	$891.0M	$797.0M	$854.0M	$833.0M	$911.0M
Short-term debt	$2.26B	$2.02B	$1.12B	$872.0M	$1.03B	$1.41B	$1.42B	$1.28B	$1.39B	$1.04B	$1.82B	$2.10B
Deferred revenue	$231.0M	$224.0M	$228.0M	$231.0M	$227.0M	$222.0M	$227.0M	$229.0M	$233.0M	$237.0M	$245.0M	$264.0M
Total current liabilities	$3.95B	$3.67B	$2.78B	$2.56B	$2.87B	$3.20B	$3.27B	$3.21B	$3.18B	$2.92B	$3.65B	$3.99B
Long-term debt	$5.49B	$5.97B	$6.83B	$7.28B	$6.99B	$6.65B	$6.66B	$6.63B	$6.45B	$6.80B	$5.53B	$4.73B
Lease obligations	$996.0M	$1.02B	$1.03B	$984.0M	$994.0M	$1.06B	$1.11B	$1.15B	$1.20B	$1.23B	$1.03B	$998.0M
Other long-term liabilities	$3.78B	$3.73B	$3.73B	$3.61B	$3.53B	$3.57B	$3.62B	$3.60B	$3.69B	$3.70B	$3.53B	$3.51B
Total liabilities	$13.22B	$13.37B	$13.34B	$13.45B	$13.40B	$13.42B	$13.55B	$13.44B	$13.33B	$13.42B	$12.71B	$12.23B
Shareholders' equity
Common stock & paid-in capital	$19.0M	$19.0M	$20.0M	$20.0M	$20.0M	$21.0M	$21.0M	$21.0M	$22.0M	$22.0M	$22.0M	$22.0M
Retained earnings (deficit)	$2.43B	$2.42B	$2.57B	$2.62B	$2.59B	$2.57B	$2.64B	$2.58B	$2.59B	$2.57B	$2.55B	$2.50B
Accumulated other comprehensive income	−$614.0M	−$622.0M	−$620.0M	−$637.0M	−$636.0M	−$685.0M	−$692.0M	−$678.0M	−$671.0M	−$654.0M	−$655.0M	−$579.0M
Total shareholders' equity	$2.88B	$2.86B	$3.05B	$3.09B	$3.07B	$3.00B	$3.12B	$3.06B	$3.08B	$3.06B	$3.07B	$3.10B
Key figures
Total debt	$8.45B	$8.72B	$8.68B	$8.84B	$8.72B	$8.82B	$8.88B	$8.76B	$8.73B	$8.78B	$8.15B	$7.62B
Net cash (debt)	−$8.23B	−$8.54B	−$8.48B	−$8.65B	−$8.54B	−$8.67B	−$8.73B	−$8.60B	−$8.57B	−$8.54B	−$7.94B	−$7.46B
Working capital	−$1.41B	−$1.18B	−$305.0M	$48.0M	−$529.0M	−$869.0M	−$808.0M	−$830.0M	−$813.0M	−$512.0M	−$1.38B	−$1.88B
Tangible book value	$1.34B	$1.30B	$1.49B	$1.52B	$1.48B	$1.40B	$1.50B	$1.45B	$1.48B	$1.48B	$1.73B	$1.96B
Book value per share	$74.01	$72.17	$74.80	$74.38	$72.50	$69.95	$71.82	$69.64	$69.03	$68.11	$67.60	$66.93
Shares outstanding	38.9M	39.6M	40.8M	41.6M	42.4M	42.9M	43.4M	43.9M	44.6M	45.0M	45.4M	46.3M
Current ratio	0.64	0.68	0.89	1.02	0.82	0.73	0.75	0.74	0.74	0.82	0.62	0.53
Quick ratio	0.56	0.58	0.75	0.90	0.71	0.62	0.62	0.63	0.64	0.70	0.53	0.45
Debt / equity	2.94	3.05	2.84	2.86	2.84	2.94	2.85	2.87	2.83	2.86	2.65	2.46
Equity / assets	17.9%	17.6%	18.6%	18.7%	18.7%	18.3%	18.7%	18.5%	18.8%	18.6%	19.5%	20.2%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 11, 2026); data from EODHD.

R financial position

At the end of fiscal 2025 (December 31, 2025), Ryder had total assets of $16.4 billion (down 1.7% from a year earlier), total liabilities of $13.3 billion and shareholders' equity of $3.1 billion. It held $198.0 million in cash and short-term investments against $8.7 billion of debt, net debt of $8.5 billion. Its current ratio was 0.89. In the latest quarter (ended June 30, 2026) total assets were $16.1 billion and equity $2.9 billion.

Related: R income statement, R cash flow statement, R key metrics. See the R stock overview for the latest quote and news.

R balance sheet FAQ

What are Ryder's total assets?

Ryder reported total assets of $16.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $16.7 billion a year earlier.

How much debt does Ryder have?

Ryder had $8.7 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 2.84.

How much cash does Ryder have?

Ryder held $198.0 million in cash and short-term investments at the end of fiscal 2025; with $8.7 billion of debt that is net debt of $8.5 billion.

What is Ryder's book value?

Ryder's shareholders' equity (book value) was $3.1 billion at the end of fiscal 2025, or $73.01 per share.

What is Ryder's current ratio?

Ryder had current assets of $2.5 billion and current liabilities of $2.8 billion, a current ratio of 0.89 (current liabilities exceed current assets).

How much goodwill does Ryder have?

Ryder carried $1.6 billion of goodwill and intangible assets, 9.5% of total assets, at the end of fiscal 2025.