Knight Transportation Inc (KNX)
Financial leverage ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 8,281,730 | 8,322,220 | 8,213,580 | 8,081,140 |
| Total stockholders’ equity | US$ in thousands | 7,087,390 | 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 | 5,666,220 | 5,603,120 | 5,530,070 | 5,542,760 |
| Financial leverage ratio | 1.82 | 1.81 | 1.62 | 1.56 | 1.58 | 1.58 | 1.62 | 1.63 | 1.63 | 1.65 | 1.43 | 1.44 | 1.44 | 1.45 | 1.44 | 1.46 | 1.46 | 1.49 | 1.49 | 1.46 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $12,870,800K ÷ $7,087,390K
= 1.82
The financial leverage ratio of Knight-Swift Transportation Holdings Inc has shown some fluctuations over the past eight quarters, ranging from 1.56 to 1.82. The ratio peaked at 1.82 in Q4 2023, indicating that the company has $1.82 in debt for every $1 of equity. This suggests that Knight-Swift relies more on debt financing to fund its operations and investments.
Overall, the company's financial leverage ratio has generally been above 1.5, demonstrating a moderate to high level of financial leverage. Investors and stakeholders should closely monitor changes in this ratio as it can impact the company's risk profile and financial health.
Peer comparison
Dec 31, 2023