Marten Transport Ltd (MRTN)
Debt-to-equity ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 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 | 597,589 | 582,857 | 602,390 | 587,737 |
| Debt-to-equity 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, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $757,386K
= 0.00
The debt-to-equity ratio of Marten Transport, Ltd. has consistently been reported as 0.00 for the past eight quarters. This indicates that the company has no debt in relation to its equity during this period. A debt-to-equity ratio of 0.00 suggests that Marten Transport, Ltd. is primarily financed by equity rather than debt, which can be seen as a positive sign of financial stability and lower financial risk. The company's ability to operate without relying on debt may indicate strong financial management and a conservative approach to capital structure. However, it is important to note that a very low or zero debt-to-equity ratio could also indicate missed opportunities for leveraging debt to potentially increase returns. Nonetheless, further analysis of the company's capital structure and financial strategy would be necessary to fully assess the implications of its consistent 0.00 debt-to-equity ratio.
Peer comparison
Dec 31, 2023