Saia Inc (SAIA)
Debt-to-capital 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 | ||
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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 stockholders’ equity | US$ in thousands | 2,311,270 | 2,231,480 | 2,136,090 | 2,028,940 | 1,941,490 | 1,849,460 | 1,746,220 | 1,650,940 | 1,579,340 | 1,506,480 | 1,403,760 | 1,291,490 | 1,220,330 | 1,144,730 | 1,063,160 | 997,618 | 961,288 | 918,466 | 875,090 | 843,387 |
Debt-to-capital ratio | 0.00 | 0.08 | 0.08 | 0.04 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.04 | 0.05 | 0.05 | 0.06 | 0.07 | 0.12 | 0.16 | 0.22 |
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 declining trend from 0.22 as of March 31, 2020, to 0.00 as of December 31, 2024. This indicates that the company has been reducing its reliance on debt relative to its overall capital structure over the period. A lower debt-to-capital ratio generally implies lower financial risk and greater financial stability for the company. Saia Inc's decreasing debt-to-capital ratio suggests improved financial health and a stronger balance sheet position, which may be positively viewed by investors and creditors. However, it is essential to consider other financial metrics and factors when evaluating the overall financial performance and risk profile of the company.
Peer comparison
Dec 31, 2024