Marten Transport Ltd (MRTN)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 968,757 | 990,339 | 965,679 | 870,690 | 831,636 |
| Total stockholders’ equity | US$ in thousands | 767,922 | 757,386 | 703,919 | 651,677 | 620,333 |
| Financial leverage ratio | 1.26 | 1.31 | 1.37 | 1.34 | 1.34 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $968,757K ÷ $767,922K
= 1.26
The financial leverage ratio of Marten Transport Ltd has slightly increased from 1.34 as of December 31, 2020, to 1.37 as of December 31, 2022, before decreasing to 1.26 as of December 31, 2024. This indicates that the company's reliance on debt to finance its operations has been fluctuating over the years. A financial leverage ratio above 1 suggests that the company has more debt than equity in its capital structure. The decrease in the ratio by the end of 2024 could indicate a potential improvement in the company's financial risk position as it reduced its reliance on debt financing. However, further analysis of the company's overall financial health and the reason behind these fluctuations would be necessary to provide a more thorough assessment.
Peer comparison
Dec 31, 2024