Saia Inc (SAIA)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	16,100	31,200	50,800	71,200	136,500
Total assets	US$ in thousands	2,583,560	2,174,710	1,845,250	1,548,770	1,415,690
Debt-to-assets ratio		0.01	0.01	0.03	0.05	0.10

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $16,100K ÷ $2,583,560K
= 0.01

Saia Inc.'s debt-to-assets ratio has shown a decreasing trend over the past five years, indicating a positive sign of financial health. The ratio has decreased from 0.10 in 2019 to 0.01 in 2023. This signifies that the company has been reducing its reliance on debt to finance its assets.

A debt-to-assets ratio of 0.01 in 2023 implies that only 1% of the company's assets are financed by debt, with the remaining 99% being funded by equity. This indicates a strong financial position and low financial risk for the company, as there is minimal debt burden to repay.

The consistent decline in the debt-to-assets ratio from 2020 to 2023 suggests that Saia Inc. has been effectively managing its debt levels and has likely focused on utilizing more equity-based financing. This approach can enhance the company's financial stability and flexibility, as it reduces the interest expenses and potential risks associated with high debt levels.

Overall, the decreasing trend in Saia Inc.'s debt-to-assets ratio reflects a prudent financial strategy that has contributed to strengthening the company's financial position and reducing its financial risk profile.