Marten Transport Ltd (MRTN)

Debt-to-assets ratio

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Long-term debt US$ in thousands
Total assets US$ in thousands 990,339 997,204 1,004,080 979,273 965,679 938,702 921,121 885,398 870,690 903,383 884,363 855,349 831,636 859,066 840,834 824,918 796,586 780,955 796,595 774,527
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

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $990,339K
= 0.00

The debt-to-assets ratio for Marten Transport, Ltd. has consistently been reported as 0.00 across all quarters from Q1 2022 to Q4 2023. This indicates that the company has not used debt to finance its assets during this period. A ratio of 0.00 typically suggests that the company is primarily funded through equity rather than debt, reflecting a strong financial position with lower financial risk. It could imply that the company has been able to fund its operations and investments using internal resources or cash flows, which can be seen as a positive sign for investors and creditors. However, it's important to consider that a very low debt-to-assets ratio may also suggest underutilization of debt as a potential source of capital for growth opportunities.


Peer comparison

Dec 31, 2023