Saia Inc (SAIA)

Debt-to-equity 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-equity ratio		0.00	0.09	0.08	0.04	0.01	0.01	0.01	0.02	0.02	0.02	0.03	0.03	0.04	0.05	0.06	0.07	0.07	0.13	0.18	0.28

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 shown a declining trend over the past few years, indicating a decreasing reliance on debt financing relative to equity. As of December 31, 2024, the ratio stands at 0.00, suggesting that the company has no debt in relation to its equity at that point in time. This indicates a strong financial position with low leverage and a healthy balance between debt and equity. The decreasing trend in the ratio is a positive sign as it signifies improved financial stability and reduced financial risk for the company. It is important to monitor this ratio over time to ensure that the company maintains a sustainable capital structure and continues to manage its debt levels effectively.