Landstar System Inc (LSTR)

Debt-to-equity ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	972,439	1,015,920	1,000,810	1,017,910	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
Debt-to-equity 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, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $972,439K
= 0.00

Landstar System Inc has consistently maintained a debt-to-equity ratio of 0.00 over the past few years, as per the provided data up to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt on its balance sheet in relation to its equity. This suggests that Landstar System Inc relies primarily on equity financing rather than debt to fund its operations and investments.

A debt-to-equity ratio of 0.00 may be perceived positively by investors and creditors, as it reflects a low financial risk due to the absence of debt obligations. However, it is essential to note that a very low debt-to-equity ratio may also indicate limited leveraging, potentially constraining the company's ability to take advantage of growth opportunities that could be funded through debt.

Ultimately, the consistent 0.00 debt-to-equity ratio of Landstar System Inc highlights a conservative financial structure and a strong equity base, which may contribute to stability and financial health in the long run.