Landstar System Inc (LSTR)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 983,923 | 887,221 | 862,010 | 691,835 | 721,469 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $983,923K)
= 0.00
Based on the data provided, Landstar System Inc has consistently maintained a debt-to-capital ratio of 0.00 over the past five years, including as of December 31, 2023. This ratio indicates that the company has not used any debt to finance its operations relative to its capital structure. A debt-to-capital ratio of 0.00 suggests that Landstar System Inc may rely more on equity financing or has a strong balance sheet with minimal debt obligations. It signifies a favorable financial position in terms of debt leverage and solvency for the company. It is important to note that a low or zero debt-to-capital ratio may also reflect conservative financial management or industry-specific characteristics.
Peer comparison
Dec 31, 2023