ArcBest Corp (ARCB)

Debt-to-assets ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	161,990	176,296	168,105	—	198,371	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	2,485,090	2,437,450	2,414,100	2,431,590	2,494,290	2,440,110	2,293,710	2,209,700	2,112,680	1,962,430	1,841,470	1,768,020	1,779,010	1,746,230	1,870,760	1,834,360	1,651,210	1,670,630	1,633,930	1,559,660
Debt-to-assets ratio		0.07	0.07	0.07	0.00	0.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $161,990K ÷ $2,485,090K
= 0.07

The debt-to-assets ratio of ArcBest Corp has remained relatively stable over the past eight quarters. The ratio has been consistently below 0.12, indicating that the company has a conservative level of debt compared to its assets.

The trend shows that the ratio slightly increased from Q4 2022 to Q1 2023 but then stabilized at around 0.10 for the subsequent quarters. This level suggests that ArcBest Corp has a low level of financial risk as it is effectively managing its debt levels in relation to its total assets.

Overall, the debt-to-assets ratio trend indicates that ArcBest Corp has a conservative capital structure and is maintaining a healthy balance between debt and assets, which can be seen as a positive sign for investors and creditors.