Saia Inc (SAIA)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	2,311,270	1,941,490	1,579,340	1,220,330	961,288
Debt-to-capital ratio		0.00	0.01	0.02	0.04	0.07

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $6,300K ÷ ($6,300K + $2,311,270K)
= 0.00

Saia Inc's debt-to-capital ratio has shown a decreasing trend from 0.07 in 2020 to 0.00 in 2024. This indicates that the company has been effectively reducing its reliance on debt as a source of capital in relation to its total capital structure. A decreasing debt-to-capital ratio is generally seen as a positive sign as it suggests a lower financial risk for the company. Saia Inc's ability to reduce its debt in relation to its total capital over the years reflects prudent financial management and may enhance its financial stability and flexibility moving forward.