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