ArcBest Corp (ARCB)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 125,156 | 118,312 | 144,972 | 148,992 | 161,990 | 176,296 | 168,105 | — | 198,371 | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 2,429,730 | 2,414,180 | 2,408,530 | 2,357,140 | 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 |
| Debt-to-assets ratio | 0.05 | 0.05 | 0.06 | 0.06 | 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 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $125,156K ÷ $2,429,730K
= 0.05
The debt-to-assets ratio for ArcBest Corp has been consistently low, indicating a conservative capital structure and a strong financial position with minimal reliance on debt to finance its assets. The ratio remained stable at 0.00 from March 2020 to June 2022. However, there was a slight increase in the ratio to 0.08 at the end of December 2022, suggesting a small proportion of debt compared to total assets. Subsequently, the ratio decreased to 0.05 by the end of December 2024, reflecting a decreasing trend. Overall, the company's debt-to-assets ratio indicates a healthy balance between debt and assets, showcasing a prudent approach to financial management.
Peer comparison
Dec 31, 2024