Marten Transport Ltd (MRTN)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 767,922 | 757,386 | 703,919 | 651,677 | 620,333 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $767,922K)
= 0.00
The debt-to-capital ratio for Marten Transport Ltd has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has been using very little to no debt to finance its operations and investments relative to its total capital. A debt-to-capital ratio of 0.00 signifies that the company is primarily funded through equity rather than debt, which can be seen as a positive indicator of financial stability and lower risk in terms of debt obligations. However, it is important to consider the company's overall financial strategy and industry norms when evaluating the implications of such a low debt-to-capital ratio.
Peer comparison
Dec 31, 2024