Knight Transportation Inc (KNX)

Debt-to-equity 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-equity ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $7,108,970K
= 0.00

The debt-to-equity ratio of Knight Transportation Inc has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has been financing its operations primarily through equity rather than debt during this period. A debt-to-equity ratio of 0.00 suggests that the company has no debt on its balance sheet relative to its equity, which may be viewed positively by investors and lenders as it signifies a lower level of financial risk and greater financial stability.