Knight Transportation Inc (KNX)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 12,698,500 | 12,824,800 | 12,570,300 | 12,628,900 | 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 |
| 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 |
| Financial leverage ratio | 1.79 | 1.82 | 1.78 | 1.79 | 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 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $12,698,500K ÷ $7,108,970K
= 1.79
The financial leverage ratio of Knight Transportation Inc has shown some fluctuations over the period analyzed. The ratio has ranged from a low of 1.43 to a high of 1.82. Generally, a financial leverage ratio above 1 indicates that the company relies more on debt to finance its operations rather than equity.
It is important to note that an increasing trend in the financial leverage ratio may indicate that the company is taking on more debt to fund its growth or operations, which could lead to higher financial risk. Conversely, a decreasing trend in the ratio may suggest that the company is decreasing its reliance on debt financing, which could reduce its financial risk.
Overall, a financial leverage ratio of around 1.5 to 1.8 suggests that Knight Transportation Inc has a moderate level of financial leverage, balancing the benefits of debt financing with the risks associated with higher levels of debt. Monitoring this ratio over time can provide insights into the company's capital structure and financial health.
Peer comparison
Dec 31, 2024