Knight Transportation Inc (KNX)

Debt-to-capital 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 stockholders’ equity US$ in thousands 7,108,970 7,058,700 7,053,960 7,056,150 7,085,780 7,113,500 7,070,280 7,024,910 6,945,000 6,806,420 6,621,060 6,570,690 6,533,150 6,292,660 6,085,260 5,936,840 5,869,850 5,879,020 5,763,460 5,688,060
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $7,108,970K)
= 0.00

The debt-to-capital ratio of Knight Transportation Inc has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations and growth, resulting in a capital structure primarily reliant on equity. A debt-to-capital ratio of 0.00 suggests that the company is not employing leverage as part of its financing strategy and is likely managing its operations with a conservative financial approach. A low or zero debt-to-capital ratio may imply a lower financial risk due to the absence of significant debt obligations, but it might also limit potential growth opportunities that could be fueled by debt financing.