Landstar System Inc (LSTR)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,801,850 | 1,852,530 | 1,837,760 | 1,837,860 | 1,931,880 | 1,988,540 | 2,017,070 | 2,045,810 | 2,045,460 | 1,914,040 | 1,703,210 | 1,574,460 | 1,653,800 | 1,392,200 | 1,272,110 | 1,236,430 | 1,427,710 | 1,385,730 | 1,348,690 | 1,350,940 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 been consistently reported as 0.00 across all the quarters provided in the table. This indicates that the company has no debt relative to its total assets during these periods. A debt-to-assets ratio of 0.00 signifies that the company's assets are financed entirely by equity, without the use of debt. This may suggest a low financial risk profile for Landstar System Inc, as it does not have significant debt obligations that could potentially strain its financial position. Investors and creditors generally view a low debt-to-assets ratio positively, as it reflects a strong financial position and potential for future growth without being overly leveraged.
Peer comparison
Dec 31, 2023