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.