Saia Inc (SAIA)

Debt-to-assets ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands 6,300 16,100 31,200 50,800 71,200
Total assets US$ in thousands 3,166,860 2,583,560 2,174,710 1,845,250 1,548,770
Debt-to-assets ratio 0.00 0.01 0.01 0.03 0.05

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $6,300K ÷ $3,166,860K
= 0.00

Saia Inc's debt-to-assets ratio has been decreasing steadily over the years, signaling a healthy financial position in terms of leverage. As of December 31, 2020, the ratio stood at 0.05, indicating that 5% of the company's assets were financed by debt. By December 31, 2024, the ratio had decreased to 0.00, suggesting that Saia Inc had effectively reduced its reliance on debt to fund its operations. This trend indicates a positive trajectory towards a more conservative capital structure and improved financial stability for the company.