JB Hunt Transport Services Inc (JBHT)

Debt-to-equity ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	1,326,110	1,261,740	945,257	1,305,420	1,295,740
Total stockholders’ equity	US$ in thousands	4,103,760	3,666,770	3,117,820	2,600,140	2,267,030
Debt-to-equity ratio		0.32	0.34	0.30	0.50	0.57

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,326,110K ÷ $4,103,760K
= 0.32

The debt-to-equity ratio of J.B. Hunt Transport Services, Inc. has shown a decreasing trend over the past five years, indicating a gradual improvement in the company's capital structure. The ratio has decreased from 0.57 in 2019 to 0.38 in 2023.

A lower debt-to-equity ratio suggests that the company is relying less on debt financing and has a higher proportion of equity in its capital structure. This can be seen as a positive sign, as it indicates a lower risk of financial distress and a stronger financial position.

Overall, the declining trend in J.B. Hunt Transport Services, Inc.'s debt-to-equity ratio over the last five years indicates a prudent approach to managing its capital structure and suggests improved financial health.