Marten Transport Ltd (MRTN)

Financial leverage ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total assets	US$ in thousands	990,339	965,679	870,690	831,636	796,586
Total stockholders’ equity	US$ in thousands	757,386	703,919	651,677	620,333	597,589
Financial leverage ratio		1.31	1.37	1.34	1.34	1.33

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $990,339K ÷ $757,386K
= 1.31

The financial leverage ratio of Marten Transport, Ltd. has fluctuated over the past five years, ranging from 1.31 to 1.37. The ratio indicates the proportion of the company's total assets that are financed by debt. A higher financial leverage ratio implies a higher level of debt relative to equity in the company's capital structure.

In the case of Marten Transport, Ltd., the trend in the financial leverage ratio has been relatively stable around the range of 1.31 to 1.37. This suggests that the company has maintained a consistent level of debt relative to assets over the years, with minor fluctuations.

It is essential to assess the company's financial leverage ratio in conjunction with other financial metrics and industry benchmarks to gain a more comprehensive understanding of its financial health and risk profile. A stable financial leverage ratio can indicate a healthy balance between debt and equity financing, but further analysis is needed to evaluate the company's overall financial stability and sustainability.