ArcBest Corp (ARCB)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	125,156	161,990	198,371	—	—
Total assets	US$ in thousands	2,429,730	2,485,090	2,494,290	2,112,680	1,779,010
Debt-to-assets ratio		0.05	0.07	0.08	0.00	0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $125,156K ÷ $2,429,730K
= 0.05

ArcBest Corp's debt-to-assets ratio has been consistently low in recent years, standing at 0.00 as of December 31, 2020 and 2021. However, there was a slight increase in the ratio to 0.08 as of December 31, 2022, indicating a slight rise in the proportion of debt relative to total assets. The ratio then decreased to 0.07 as of December 31, 2023 and further to 0.05 as of December 31, 2024. This downward trend suggests that ArcBest Corp has been decreasing its debt levels relative to its assets over the years, which may indicate improved financial stability and lower financial risk for the company. Overall, the company's debt-to-assets ratio remained relatively low, which could be viewed positively by investors and creditors.