Landstar System Inc (LSTR)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,801,850 | 1,931,880 | 2,045,460 | 1,653,800 | 1,427,710 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,801,850K
= 0.00
The debt-to-assets ratio for Landstar System Inc has consistently been 0.00 over the past five years, including the most recent data as of December 31, 2023. This indicates that the company has not relied on debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely funded by equity or other non-debt sources. This could signify that Landstar System Inc has a strong financial position with a low risk of financial distress due to debt obligations. Investors and creditors may view this as a positive sign of financial stability and sustainability in the company's operations.
Peer comparison
Dec 31, 2023