Marten Transport Ltd (MRTN)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 968,757 | 990,339 | 965,679 | 870,690 | 831,636 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $968,757K
= 0.00
The debt-to-assets ratio for Marten Transport Ltd has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company does not rely on debt to finance its assets, as it has no debt in relation to its total assets during this period. A debt-to-assets ratio of 0.00 typically suggests that the company is not exposed to significant financial risk associated with debt obligations and is able to finance its operations primarily through equity or retained earnings. This can be seen as a positive indicator of financial stability and solvency for Marten Transport Ltd.
Peer comparison
Dec 31, 2024