JB Hunt Transport Services Inc (JBHT)

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	1,326,110	1,195,710	1,195,310	991,710	1,261,740	1,243,810	945,999	945,628	945,257	944,887	1,303,470	1,301,430	1,305,420	1,303,350	1,307,020	1,302,760	1,295,740	1,293,310	1,372,140	1,284,550
Total assets	US$ in thousands	8,538,000	8,373,000	8,248,000	7,790,400	7,787,000	7,432,000	7,252,560	7,031,940	6,794,000	6,513,190	6,323,000	6,163,000	5,928,350	5,779,000	5,554,000	5,380,000	5,470,850	5,386,000	5,420,740	5,327,280
Debt-to-assets ratio		0.16	0.14	0.14	0.13	0.16	0.17	0.13	0.13	0.14	0.15	0.21	0.21	0.22	0.23	0.24	0.24	0.24	0.24	0.25	0.24

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,326,110K ÷ $8,538,000K
= 0.16

The debt-to-assets ratio of J.B. Hunt Transport Services, Inc. has remained relatively stable over the past eight quarters, ranging from 0.16 to 0.18. This indicates that the company has been maintaining a healthy balance between its debt and assets, with a consistent proportion of its assets financed by debt. A lower ratio suggests lower financial risk as the company is using less debt to fund its operations. Conversely, a higher ratio could indicate higher financial risk due to increased reliance on debt financing. Overall, the consistency in the debt-to-assets ratio suggests that J.B. Hunt Transport Services, Inc. has been managing its debt levels effectively while maintaining a solid asset base.