Landstar System Inc (LSTR)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $972,439K
= 0.00
The debt-to-equity ratio of Landstar System Inc has been consistently 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt obligations in relation to its equity during this period. A low or zero debt-to-equity ratio is generally viewed positively by investors as it suggests lower financial risk and potentially higher financial stability for the company. Landstar System Inc's consistent 0.00 debt-to-equity ratio signifies a strong financial position and prudent debt management, which could be advantageous for its long-term growth and sustainability.
Peer comparison
Dec 31, 2024