Saia Inc (SAIA)

Debt-to-assets ratio

		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
Long-term debt	US$ in thousands	6,300	191,800	176,500	83,800	16,100	18,500	21,500	26,700	31,200	34,800	39,300	44,800	50,800	55,400	61,300	66,200	71,200	121,100	161,100	236,000
Total assets	US$ in thousands	3,166,860	3,082,120	2,957,120	2,765,710	2,583,560	2,485,320	2,337,110	2,242,800	2,174,710	2,140,320	2,047,860	1,932,350	1,845,250	1,789,260	1,647,400	1,610,580	1,548,770	1,565,680	1,538,200	1,577,260
Debt-to-assets ratio		0.00	0.06	0.06	0.03	0.01	0.01	0.01	0.01	0.01	0.02	0.02	0.02	0.03	0.03	0.04	0.04	0.05	0.08	0.10	0.15

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 shown a consistent downward trend from March 31, 2020, to December 31, 2024. The ratio declined gradually from 0.15 at the end of the first quarter of 2020 to 0.00 at the end of December 2024. This indicates that the company's level of debt in relation to its total assets has decreased over the period.

A decreasing trend in the debt-to-assets ratio implies that Saia Inc has been able to manage its debt levels effectively relative to its asset base. A lower ratio suggests a lower financial risk and greater financial stability, as the company relies less on debt to finance its operations and investments. It also indicates that the company may have improved its financial health and may have stronger financial flexibility.

Overall, the declining trend in Saia Inc's debt-to-assets ratio is a positive indicator of the company's financial strength and prudent debt management practices over the period under review.