Landstar System Inc (LSTR)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,813,310 | 1,801,850 | 1,931,880 | 2,045,460 | 1,653,800 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,813,310K
= 0.00
The debt-to-assets ratio of Landstar System Inc has remained consistently at 0.00 over the past five years based on the data provided. This indicates that the company has not used debt significantly to finance its assets during this period. A debt-to-assets ratio of 0.00 implies that the company's total assets are primarily funded by equity or other sources rather than debt. This may suggest a strong financial position with lower financial risk, as the company is not heavily reliant on borrowed funds to support its operations and investments. However, it is important to consider other financial metrics and factors to gain a comprehensive understanding of Landstar System Inc's overall financial health and stability.
Peer comparison
Dec 31, 2024