Landstar System Inc (LSTR)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $983,923K
= 0.00
Based on the data provided for Landstar System Inc, the debt-to-equity ratio has consistently been reported as 0.00 for the past five years, from 2019 to 2023. A debt-to-equity ratio of 0.00 signifies that the company has no financial leverage through debt and is entirely financed by equity. This indicates that Landstar System Inc has been maintaining a debt-free capital structure over the years, which could imply a lower financial risk and potentially more stable financial performance. However, it's important to note that while a low debt-to-equity ratio is generally viewed positively, it may also indicate underutilization of debt financing which could limit the company's growth opportunities or tax efficiency. Further analysis of the company's financial strategy and performance would be beneficial to understand the reasons behind this consistent ratio.
Peer comparison
Dec 31, 2023