JB Hunt Transport Services Inc (JBHT)

Financial leverage 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
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
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
Financial leverage ratio		2.08	2.08	2.11	2.05	2.12	2.12	2.18	2.16	2.18	2.23	2.26	2.26	2.28	2.32	2.32	2.36	2.41	2.46	2.54	2.42

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,538,000K ÷ $4,103,760K
= 2.08

J.B. Hunt Transport Services, Inc.'s financial leverage ratio has been relatively stable over the past eight quarters, ranging from 2.05 to 2.18. The company's average financial leverage ratio during this period stands at approximately 2.10. This indicates that the company relies heavily on debt financing to fund its operations and investments, with a larger proportion of debt compared to equity in its capital structure. It is essential for stakeholders to monitor the trend of this ratio over time to assess the company's ability to meet its financial obligations and manage debt effectively. A higher financial leverage ratio suggests higher financial risk and increases the company's vulnerability to economic downturns or interest rate fluctuations.