Landstar System Inc (LSTR)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 972,439 | 983,923 | 887,221 | 862,010 | 691,835 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $972,439K)
= 0.00
The debt-to-capital ratio of Landstar System Inc has consistently been at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt financing to fund its operations and investments during this period. A low or zero debt-to-capital ratio often signifies a strong financial position, as the company relies more on equity financing rather than debt to support its business activities. It suggests that Landstar System Inc may have lower financial risk and potential interest burdens compared to companies with higher debt levels.
Peer comparison
Dec 31, 2024