Landstar System Inc (LSTR)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| 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 |
| 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 |
Landstar System Inc's solvency ratios indicate a strong financial position with consistently low levels of debt relative to its assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been consistently at 0.00 over the past several periods, suggesting that the company has no significant debt obligations compared to its total assets, capital, and equity.
The Financial leverage ratio, which measures the company's total assets relative to its equity, has shown some variability but generally remains at moderate levels. The ratio has fluctuated between 1.72 and 2.39 over the periods analyzed, indicating that the company is using a moderate amount of debt to finance its operations compared to equity.
Overall, Landstar System Inc's solvency ratios reflect a conservative financial structure with a low reliance on debt, which indicates a stable and resilient financial position.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 61.07 | 331.71 | 200.81 | 88.78 | 120.29 | 126.50 | 136.63 | 202.44 | 175.02 | 186.73 | 190.62 | 181.51 | 160.99 | 138.83 | 119.71 | 89.52 | 72.50 | 64.95 | 39.91 | 56.72 |
The interest coverage ratio for Landstar System Inc has shown fluctuations over the period under review. It started at a high of 56.72 in March 2020, indicating a strong ability to cover interest expenses. The ratio improved further reaching 190.62 by June 2022, signifying a substantial increase in the company's ability to cover its interest expenses.
However, the interest coverage ratio experienced a significant decline in the subsequent quarters, dropping to 88.78 in March 2024. This sharp decrease may indicate potential challenges in meeting interest payments with operating income.
The ratio experienced a notable spike in September 2024, reaching 331.71, suggesting a considerable improvement in the company's ability to cover interest expenses. Nonetheless, it then dropped to 61.07 by December 2024, reflecting potential fluctuations in the company's financial performance.
Overall, the analysis of Landstar System Inc's interest coverage ratio indicates a mix of strengths and potential challenges in meeting interest obligations with operating income. It would be important for stakeholders to monitor these fluctuations closely to assess the company's financial health and ability to manage its debt obligations effectively.