Saia Inc (SAIA)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,166,860 | 3,082,120 | 2,957,120 | 2,765,710 | 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 |
| 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 |
| Financial leverage ratio | 1.37 | 1.38 | 1.38 | 1.36 | 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 |
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 shown a declining trend over the period from March 31, 2020, to December 31, 2024. The ratio decreased from 1.87 in March 2020 to 1.37 in December 2024. This indicates that the company's reliance on debt to finance its operations has been gradually decreasing, which could be interpreted as a positive sign as lower leverage ratios suggest lower financial risk and greater stability. The decreasing trend in the financial leverage ratio of Saia Inc implies that the company has been managing its debt levels effectively and may have improved its financial health over the years.
Peer comparison
Dec 31, 2024