Landstar System Inc (LSTR)

Financial leverage 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
Total assets	US$ in thousands	1,813,310	1,757,260	1,755,200	1,745,840	1,801,850	1,852,530	1,837,760	1,837,860	1,931,880	1,988,540	2,017,070	2,045,810	2,045,460	1,914,040	1,703,210	1,574,460	1,653,800	1,392,200	1,272,110	1,236,430
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
Financial leverage ratio		1.86	1.73	1.75	1.72	1.83	1.78	1.85	1.96	2.18	2.28	2.35	2.39	2.37	2.13	2.05	2.06	2.39	1.97	1.96	1.97

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,813,310K ÷ $972,439K
= 1.86

The financial leverage ratio of Landstar System Inc has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at 1.97 in March 2020 and stayed relatively stable around 1.96 to 2.39 until March 2021. A notable increase was observed at the end of December 2021, reaching 2.37, followed by a slight decrease to 2.06 by March 2022.

The ratio remained relatively stable between 2.05 and 2.39 during the second half of 2022, before experiencing a downward trend from March 2023 to September 2024, reaching its lowest point of 1.72 in March 2024. Subsequently, the ratio increased slightly to 1.86 by the end of December 2024.

Overall, Landstar System Inc's financial leverage ratio has displayed variations over the period under review but has generally remained within the range of 1.72 to 2.39. These fluctuations suggest changes in the company's capital structure and debt levels, which could have implications for its financial risk and solvency.