Marten Transport Ltd (MRTN)

Debt-to-capital 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 stockholders’ equity US$ in thousands 767,922 766,461 766,753 762,429 757,386 749,357 740,020 721,511 703,919 682,437 660,157 648,762 651,677 630,087 653,641 634,978 620,333 644,708 629,398 609,380
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $767,922K)
= 0.00

The debt-to-capital ratio of Marten Transport Ltd has been consistently reported as 0.00 across all financial reporting periods from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations or investments during this time frame. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is primarily equity-funded, which may be viewed positively by investors and lenders as it signifies lower financial risk and greater financial stability.