Marten Transport Ltd (MRTN)

Debt-to-assets ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands — — — — — — — — — — — — — — — — — — — —
Total assets US$ in thousands 968,757 1,000,000 1,009,890 993,019 1,004,680 997,204 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
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, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $968,757K
= 0.00

The debt-to-assets ratio of Marten Transport Ltd has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt to finance its operations or assets during this period. A debt-to-assets ratio of 0.00 typically suggests that the company has a strong financial position with limited financial risk due to its low reliance on debt financing. However, it is crucial to consider other financial metrics and factors to gain a comprehensive understanding of the company's overall financial health and risk profile.