Marten Transport Ltd (MRTN)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.31 | 1.37 | 1.34 | 1.34 | 1.33 |
Marten Transport, Ltd. has consistently maintained a very low level of debt in relation to its assets, capital, and equity over the past five years, with all these ratios standing at 0.00. This indicates that the company has not relied heavily on borrowing to finance its operations and investments.
However, the financial leverage ratio, which measures the company's use of debt in its capital structure, has shown some variability over the same period. While the ratio has remained relatively stable overall, ranging from 1.31 to 1.37, it suggests that Marten Transport has utilized some level of financial leverage to support its business activities.
Overall, the solvency ratios suggest that Marten Transport, Ltd. has maintained a conservative approach towards its capital structure, with a focus on minimizing debt levels and potential financial risks.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | — | — | 0.83 | 0.75 | 0.67 |
Unfortunately, without the specific values for interest expenses and operating income, it is not possible to calculate the interest coverage ratio for Marten Transport, Ltd. The interest coverage ratio is a vital financial metric that measures a company's ability to meet its interest obligations from its operating income. It signifies the company's financial stability and indicates its capacity to cover interest payments. To assess the financial health of Marten Transport, Ltd., precise data on interest expenses and operating income for each year referenced in the table is necessary.