Old Dominion Freight Line Inc (ODFL)

Financial leverage ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total assets	US$ in thousands	5,491,400	5,512,390	4,838,610	4,821,540	4,369,410
Total stockholders’ equity	US$ in thousands	4,244,590	4,257,810	3,652,920	3,679,810	3,326,290
Financial leverage ratio		1.29	1.29	1.32	1.31	1.31

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,491,400K ÷ $4,244,590K
= 1.29

Old Dominion Freight Line Inc's financial leverage ratio has remained relatively stable over the past five years, ranging between 1.29 and 1.32. This ratio indicates that the company relies moderately on debt to finance its operations and investments. The consistency in the ratio suggests that Old Dominion Freight Line Inc has maintained a prudent debt management strategy, balancing the benefits of leveraging with the associated risks. Overall, the stability of the financial leverage ratio reflects the company's cautious approach to managing its capital structure.