Saia Inc (SAIA)

Financial leverage 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
Total assets	US$ in thousands	2,583,560	2,485,320	2,337,110	2,242,800	2,174,710	2,140,320	2,047,860	1,932,350	1,845,250	1,789,260	1,647,400	1,610,580	1,548,770	1,565,680	1,538,200	1,577,260	1,415,690	1,422,270	1,352,120	1,246,860
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
Financial leverage ratio		1.33	1.34	1.34	1.36	1.38	1.42	1.46	1.50	1.51	1.56	1.55	1.61	1.61	1.70	1.76	1.87	1.74	1.79	1.78	1.74

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,583,560K ÷ $1,941,490K
= 1.33

The financial leverage ratio of Saia Inc. has been showing a decreasing trend over the past eight quarters, from 1.50 in Q1 2022 to 1.33 in Q4 2023. This indicates that the company's reliance on debt to finance its operations has been gradually decreasing. A lower financial leverage ratio suggests that Saia Inc. has been reducing its debt levels relative to its equity, which may signify improved financial stability and reduced financial risk. It is noteworthy that a decreasing trend in the financial leverage ratio may also indicate that the company is becoming less aggressive in its capital structure and adopting a more conservative approach to managing its financial obligations. Overall, the decreasing financial leverage ratio trend of Saia Inc. suggests a positive shift towards a stronger and more sustainable financial position.