Saia Inc (SAIA)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,166,860 | 2,583,560 | 2,174,710 | 1,845,250 | 1,548,770 |
| Total stockholders’ equity | US$ in thousands | 2,311,270 | 1,941,490 | 1,579,340 | 1,220,330 | 961,288 |
| Financial leverage ratio | 1.37 | 1.33 | 1.38 | 1.51 | 1.61 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,166,860K ÷ $2,311,270K
= 1.37
The financial leverage ratio of Saia Inc has exhibited a trend of decreasing over the years, indicating a more conservative capital structure. From 2020 to 2024, the ratio decreased from 1.61 to 1.37, suggesting a reduction in the company's reliance on debt to finance its operations. A lower financial leverage ratio signifies a lower level of financial risk and greater financial stability for the company. Saia Inc's decreasing financial leverage ratio indicates a strengthening financial position and a prudent approach towards managing its debt obligations.
Peer comparison
Dec 31, 2024