Knight Transportation Inc (KNX)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 12,698,500 | 12,824,800 | 12,570,300 | 12,628,900 | 12,870,800 | 12,840,300 | 11,437,900 | 10,943,000 | 10,951,700 | 10,747,400 | 10,714,900 | 10,695,800 | 10,655,500 | 10,355,000 | 8,682,460 | 8,519,480 | 8,468,000 | 8,501,360 | 8,279,030 | 8,288,320 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 remained constant at 0.00 over the period from March 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has zero debt relative to its total assets, suggesting that Knight Transportation Inc operates with a fully equity-funded capital structure. This may imply a lower financial risk for the company as it does not rely on borrowed funds to finance its operations or investments. It also indicates a strong financial position and solvency, as the company's assets are entirely financed by equity. Investors and creditors may view a consistently low or zero debt-to-assets ratio positively, as it signifies a stable and financially sound organization.
Peer comparison
Dec 31, 2024