Saia Inc (SAIA)

Debt-to-equity ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	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	136,500	165,500	179,700	148,300
Total stockholders’ equity	US$ in thousands	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	815,226	792,371	757,502	717,650
Debt-to-equity ratio		0.01	0.01	0.01	0.02	0.02	0.02	0.03	0.03	0.04	0.05	0.06	0.07	0.07	0.13	0.18	0.28	0.17	0.21	0.24	0.21

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $16,100K ÷ $1,941,490K
= 0.01

The debt-to-equity ratio of Saia Inc. has remained consistently low over the past eight quarters, ranging from 0.01 to 0.03. This indicates that the company has a relatively low level of debt compared to its equity.

A ratio of 0.01 to 0.03 suggests that Saia Inc. relies more on equity financing rather than debt financing to fund its operations and growth. This is generally viewed positively, as a lower debt-to-equity ratio implies lower financial risk and a stronger financial position for the company.

Overall, the trend of the debt-to-equity ratio for Saia Inc. shows a stable and conservative approach towards financing its operations, which could be seen as a favorable indicator for investors and lenders.