ArcBest Corp (ARCB)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,314,360 | 1,307,100 | 1,231,540 | 1,222,730 | 1,242,360 | 1,220,730 | 1,211,360 | 1,205,860 | 1,151,400 | 1,126,290 | 1,063,210 | 983,172 | 929,067 | 961,043 | 898,134 | 851,909 | 828,593 | 802,639 | 775,091 | 759,206 |
| Debt-to-capital ratio | 0.09 | 0.08 | 0.11 | 0.11 | 0.12 | 0.13 | 0.12 | 0.00 | 0.15 | 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $125,156K ÷ ($125,156K + $1,314,360K)
= 0.09
The debt-to-capital ratio of ArcBest Corp has been relatively stable at 0.00 from March 2020 to June 2022, indicating that the company had no debt in its capital structure during this period. However, starting from December 2022, the debt-to-capital ratio began to increase gradually, reaching 0.09 by December 2024.
This increase in the debt-to-capital ratio suggests that ArcBest Corp has started to utilize debt as part of its capital structure. A higher debt-to-capital ratio may indicate a higher degree of financial leverage and potential risks associated with servicing the debt obligations. It is essential for investors and stakeholders to monitor this ratio to assess the company's financial health and ability to manage its debt levels effectively.
Peer comparison
Dec 31, 2024