Marten Transport Ltd (MRTN)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| Debt-to-capital 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 |
| 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 |
| Financial leverage ratio | 1.31 | 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 | 1.33 | 1.34 | 1.32 | 1.32 |
Based on the solvency ratios of Marten Transport, Ltd. from the provided data, it is evident that the company has maintained zero debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio consistently across all quarters in the given period. This suggests that the company operates with minimal reliance on debt to finance its operations and investments, which could potentially indicate a financially stable and low-risk profile in terms of solvency.
However, the financial leverage ratio shows a slight fluctuation over the quarters, ranging from 1.31 to 1.40. The increasing trend in the financial leverage ratio over time implies that the company's reliance on debt to finance its operations has been gradually rising, albeit at a moderate pace. This could indicate a shift towards a slightly higher level of financial leverage, which may increase the financial risk for the company in the long run.
Overall, the consistent low debt-related ratios reflect Marten Transport, Ltd.'s conservative approach to debt financing, while the gradual increase in the financial leverage ratio suggests a potential shift in the company's capital structure towards greater debt utilization. Further monitoring of these solvency ratios will be crucial to assess the company's ability to meet its financial obligations and sustain its operations effectively.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | — | — | — | 173.33 | 460.06 | 3,162.05 | 17,649.86 | — | — | — | — | — | — | — | — | — | — | — | — |
It appears that the interest coverage ratio for Marten Transport, Ltd. is not provided in the data table for the mentioned quarters in 2023 and 2022. The interest coverage ratio is a key financial metric that indicates the company's ability to meet interest obligations on its debt with its operating income. Without this information, it is challenging to assess the company's ability to service its debt and the level of risk associated with its financial leverage. For a more comprehensive analysis of Marten Transport, Ltd.'s financial health, it would be beneficial to obtain the interest coverage ratio data or explore other relevant financial metrics.