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.
Peer comparison
Dec 31, 2024