Marten Transport Ltd (MRTN)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| 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 | 1.26 | 1.31 | 1.37 | 1.34 | 1.34 |
Marten Transport Ltd has consistently maintained a strong solvency position as indicated by its solvency ratios. The company's debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have remained at 0.00 over the five-year period from December 31, 2020, to December 31, 2024. This suggests that Marten Transport has not relied heavily on debt to finance its operations and has a strong ability to cover its debts with its assets and capital.
Furthermore, the financial leverage ratio, which measures the company's financial risk by comparing its total assets to equity, has exhibited a decreasing trend from 1.34 in 2020 to 1.26 in 2024. This indicates that Marten Transport's reliance on debt to finance its operations has decreased over the years, strengthening its financial position and reducing its financial risk.
Overall, Marten Transport Ltd's solvency ratios suggest that the company has a solid financial structure with a low level of debt relative to its assets, capital, and equity. This highlights the company's ability to meet its financial obligations and indicates a lower risk of financial distress.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | — | — | 157.15 | 0.71 | 0.67 |
The interest coverage ratio of Marten Transport Ltd has exhibited fluctuations over the years. The ratio was notably low at 0.67 in December 2020 and slightly improved to 0.71 by December 2021, indicating potential challenges in meeting interest obligations with operating income in those periods.
However, a significant improvement is observed in December 2022, with an interest coverage ratio of 157.15, reflecting a substantial increase in the company's ability to cover its interest expenses with its operating income.
The data for December 2023 and December 2024 is not provided (denoted by "—"), which makes it difficult to assess the trend in the subsequent years.
Overall, the trend in Marten Transport Ltd's interest coverage ratio shows variability, with a significant improvement in December 2022, which may suggest enhanced financial stability and lower risk related to debt servicing in that particular year.