ArcBest Corp (ARCB)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	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	763,043	763,626	743,159	721,755
Debt-to-equity ratio		0.13	0.14	0.14	0.00	0.17	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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $161,990K ÷ $1,242,360K
= 0.13

The debt-to-equity ratio of ArcBest Corp has been relatively stable over the past eight quarters, ranging from 0.18 to 0.26. This ratio indicates the proportion of the company's total debt to its shareholders' equity. A lower ratio typically suggests a lower financial risk, as it indicates that the company relies more on equity financing rather than debt.

In the latest quarter, Q4 2023, the debt-to-equity ratio was 0.18, which was the lowest level in the past two years. This could imply that ArcBest Corp has been effectively managing its debt levels or increasing its equity base during this period.

Overall, the trend in ArcBest Corp's debt-to-equity ratio suggests that the company has maintained a healthy balance between debt and equity financing, indicating a moderate level of financial leverage. However, it would be essential to monitor this ratio and any significant deviations from the historical range to assess potential changes in the company's financial risk profile.