Marten Transport Ltd (MRTN)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 757,386 | 703,919 | 651,677 | 620,333 | 597,589 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $757,386K)
= 0.00
The debt-to-capital ratio for Marten Transport, Ltd. has consistently been reported as 0.00 for the past five years, indicating that the company has not utilized debt as a source of capital during this period. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is primarily equity-financed, with no debt obligations. This may imply that Marten Transport, Ltd. has relied on retained earnings or equity financing to fund its operations and growth, rather than taking on debt. It indicates a conservative approach to financial leverage and may indicate a lower financial risk due to the absence of debt-related interest payments and principal repayments. However, while a zero debt-to-capital ratio can be viewed positively in terms of financial stability and risk management, it may also suggest missed opportunities for leveraging debt to potentially enhance returns on equity.
Peer comparison
Dec 31, 2023