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.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
Saia Inc
SAIA
0.00
Heartland Express Inc
HTLD
0.00
Old Dominion Freight Line Inc
ODFL
0.01
Werner Enterprises Inc
WERN
0.00