Marten Transport Ltd (MRTN)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $757,386K
= 0.00
The debt-to-equity ratio for Marten Transport, Ltd. has consistently been reported as 0.00 for the past five years, from 2019 to 2023. This suggests that the company's financing structure has not involved any debt in relation to its equity during this period. A debt-to-equity ratio of 0.00 typically indicates that the company relies solely on equity financing for its operations and growth, without taking on any debt obligations. This may imply a lower financial risk for the company, as it is not burdened by debt repayments and interest expenses. However, it is important to note that a debt-to-equity ratio of 0.00 could also potentially signal underutilization of leverage and the tax advantages of debt financing. Further analysis of the company's financial strategy and performance would be necessary to fully understand the implications of this consistent debt-to-equity ratio.
Peer comparison
Dec 31, 2023