Knight Transportation Inc (KNX)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 7,108,970 | 7,087,390 | 6,945,000 | 6,533,150 | 5,869,850 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $7,108,970K)
= 0.00
The debt-to-capital ratio for Knight Transportation Inc has remained consistently low at 0.00% from December 31, 2020, to December 31, 2024. This indicates that the company has not relied heavily on debt to finance its operations and investments, and instead has a strong capital base. A low debt-to-capital ratio suggests financial stability and lower risk for the company, as it has not accumulated significant debt relative to its total capital. Knight Transportation Inc's ability to maintain a consistently low debt-to-capital ratio over the years reflects prudent financial management and a sustainable capital structure.
Peer comparison
Dec 31, 2024