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 | 13,074,700 | 13,259,900 | 11,137,400 | 10,815,000 | 8,620,770 |
| 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 ÷ $13,074,700K
= 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.
Peer comparison
Dec 31, 2024