Knight Transportation Inc (KNX)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $7,108,970K
= 0.00
Knight Transportation Inc has consistently maintained a debt-to-equity ratio of 0.00 across all reported periods from March 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt in its capital structure relative to its equity. This suggests that Knight Transportation Inc is primarily funded by equity rather than debt. A low or zero debt-to-equity ratio is generally viewed positively as it signifies lower financial risk and less reliance on borrowed funds for operations and expansion. It indicates that the company has a strong financial position with a lower likelihood of facing financial distress due to debt obligations.
Peer comparison
Dec 31, 2024