Landstar System Inc (LSTR)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 983,923 | 1,043,150 | 993,561 | 935,652 | 887,221 | 873,173 | 856,870 | 856,149 | 862,010 | 899,690 | 830,173 | 762,919 | 691,835 | 705,634 | 649,121 | 627,095 | 721,469 | 755,975 | 728,300 | 728,260 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $983,923K)
= 0.00
The debt-to-capital ratio for Landstar System Inc has consistently been reported as 0.00 for each period from December 31, 2019, to December 31, 2023. This indicates that the company has not utilized debt as a significant portion of its capital structure during these periods. A debt-to-capital ratio of 0.00 typically suggests that the company is primarily financed through equity rather than debt, signaling a lower financial risk and potentially greater financial stability. It is important to note that a debt-to-capital ratio of 0.00 may not necessarily be negative, as a company may strategically choose to have a low or zero debt level based on its specific financial goals and capital structure preferences.
Peer comparison
Dec 31, 2023