Marten Transport Ltd (MRTN)

Debt-to-equity 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-equity ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $767,922K
= 0.00

The debt-to-equity ratio of Marten Transport Ltd has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its operations and has relied solely on equity financing. A low or zero debt-to-equity ratio can signify financial stability and conservative financial management. However, it is important to consider other factors such as the industry norms and growth objectives of the company when interpreting this ratio in isolation.