Knight Transportation Inc (KNX)

Debt-to-assets ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands
Total assets US$ in thousands 12,698,500 12,870,800 10,951,700 10,655,500 8,468,000
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $12,698,500K
= 0.00

The debt-to-assets ratio for Knight Transportation Inc has remained consistent at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not relied on debt financing to fund its operations and investments during this period. A lower debt-to-assets ratio is generally considered favorable as it suggests lower financial risk and a healthier balance sheet, reflecting a strong financial position with assets financed primarily by equity. Knight Transportation Inc's consistent 0.00 ratio implies a conservative approach to debt management and a focus on maintaining a strong asset base relative to debt levels.