Marten Transport Ltd (MRTN)

Financial leverage ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Total assets US$ in thousands 968,757 1,000,000 1,009,890 993,019 1,004,680 997,204 1,004,080 979,273 965,679 938,702 921,121 885,398 870,690 903,383 884,363 855,349 831,636 859,066 840,834 824,918
Total stockholders’ equity US$ in thousands 767,922 766,461 766,753 762,429 757,386 749,357 740,020 721,511 703,919 682,437 660,157 648,762 651,677 630,087 653,641 634,978 620,333 644,708 629,398 609,380
Financial leverage ratio 1.26 1.30 1.32 1.30 1.33 1.33 1.36 1.36 1.37 1.38 1.40 1.36 1.34 1.43 1.35 1.35 1.34 1.33 1.34 1.35

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 shown some fluctuations over the past few years. The ratio was relatively stable around the range of 1.33 to 1.35 from March 2020 to June 2021. There was a notable increase in the ratio in September 2021 to 1.43, indicating a higher level of financial leverage at that point. However, the ratio decreased slightly in the following quarters.

From March 2023 to June 2024, the financial leverage ratio fluctuated between 1.30 to 1.36, showing some variability in the company's financial leverage position. The ratio decreased to 1.26 by December 2024, indicating a lower level of leverage compared to the earlier periods.

Overall, the financial leverage ratio of Marten Transport Ltd has shown variations over the years, with some quarters reflecting higher leverage than others. It is essential for the company to carefully manage its leverage levels to ensure financial stability and mitigate any potential risks associated with high leverage.