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
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.