JB Hunt Transport Services Inc (JBHT)

Debt-to-capital 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 stockholders’ equity US$ in thousands 4,103,760 4,018,100 3,911,920 3,797,370 3,666,770 3,505,110 3,324,860 3,253,540 3,117,820 2,922,230 2,799,030 2,722,070 2,600,140 2,487,420 2,390,840 2,282,420 2,267,030 2,193,530 2,135,360 2,203,760
Debt-to-capital ratio 0.24 0.23 0.23 0.21 0.26 0.26 0.22 0.23 0.23 0.24 0.32 0.32 0.33 0.34 0.35 0.36 0.36 0.37 0.39 0.37

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,326,110K ÷ ($1,326,110K + $4,103,760K)
= 0.24

The debt-to-capital ratio of J.B. Hunt Transport Services, Inc. has been relatively stable over the past eight quarters, ranging from 0.25 to 0.28. This indicates that the company's reliance on debt as a source of financing compared to its total capital (debt + equity) has remained consistent. A debt-to-capital ratio of 0.25 to 0.28 suggests that the company is using a moderate amount of debt to fund its operations, while also maintaining a significant portion of its capital through equity. Overall, the consistent trend in the debt-to-capital ratio implies that J.B. Hunt Transport Services, Inc. has been managing its debt levels effectively and maintaining a balanced capital structure.