Marten Transport Ltd (MRTN)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.26 | 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 |
Marten Transport Ltd has consistently shown a strong solvency position over the analyzed period, as indicated by its low debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio, all of which have remained at 0.00 throughout the years.
The financial leverage ratio, which represents the extent to which the company relies on debt to fund its operations, has fluctuated slightly over time but has generally remained relatively stable, ranging from 1.26 to 1.43. This indicates that Marten Transport Ltd has maintained a conservative approach to financing its activities, with a healthy balance between debt and equity.
Overall, the solvency ratios suggest that Marten Transport Ltd has a strong financial position with minimal leverage, indicating a low risk of financial distress and a solid ability to meet its debt obligations.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | 44.51 | 17.25 | 41.86 | 31.55 | 26.87 | 35.45 | 20.40 | 6.74 | 13.58 | -116.81 | -2,453.00 | — | — | — | — | — | — | — | — |
The interest coverage ratio for Marten Transport Ltd fluctuated significantly over the reported periods. In March 2022 and June 2022, the interest coverage was negative, indicating that the company's earnings were not sufficient to cover its interest expenses during those quarters. However, this improved in subsequent periods, with the interest coverage ratio turning positive from September 2022 onwards.
The interest coverage ratio increased steadily from September 2022 to March 2024, indicating that the company's earnings were able to cover its interest obligations more comfortably during those quarters. The ratio peaked in March 2024, suggesting that the company had significant earnings to cover its interest expenses at that time.
Overall, the trend in Marten Transport Ltd's interest coverage ratio shows an initial struggle to cover interest expenses, followed by an improvement and a relatively stable performance in more recent periods. It is important for investors and stakeholders to monitor this ratio to assess the company's ability to meet its interest payments and manage its debt effectively.