Marten Transport Ltd (MRTN)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 990,339 | 965,679 | 870,690 | 831,636 | 796,586 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $990,339K
= 0.00
Marten Transport, Ltd.'s debt-to-assets ratio has consistently been 0.00 over the past five years ending December 31, 2023. This indicates that the company has been funding its operations and investments without relying on debt financing. A debt-to-assets ratio of 0.00 means that the company has zero debt in relation to its total assets, suggesting a strong financial position with low financial risk. This may be appealing to investors and creditors as it implies that the company is not burdened by significant debt obligations and has a higher capacity to weather economic downturns. However, it is important to note that while a low debt level is generally positive, excessively low debt might also suggest underutilization of leverage that could potentially enhance returns on equity.
Peer comparison
Dec 31, 2023