Saia Inc (SAIA)
Debt-to-equity 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-equity ratio | 0.00 | 0.01 | 0.02 | 0.04 | 0.07 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $6,300K ÷ $2,311,270K
= 0.00
The debt-to-equity ratio of Saia Inc has been steadily decreasing over the past five years. In December 31, 2020, the ratio was 0.07, indicating that the company had a higher proportion of debt compared to equity. However, this ratio decreased to 0.04 by December 31, 2021, showing a reduction in the level of debt relative to equity.
This trend continued in the following years, with the debt-to-equity ratio dropping to 0.02 in December 31, 2022, then to 0.01 in December 31, 2023, and finally reaching 0.00 by December 31, 2024. A debt-to-equity ratio of 0.00 suggests that the company has no debt in relation to its equity, which can be viewed positively by investors and creditors as it indicates a strong financial position and potentially lower financial risk.
Overall, the decreasing trend in Saia Inc's debt-to-equity ratio over the five-year period reflects a shift towards a more conservative capital structure with less reliance on debt financing in favor of equity. This may enhance the company's financial stability and flexibility in the long run.
Peer comparison
Dec 31, 2024