Saia Inc (SAIA)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.06 | 0.06 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.04 | 0.04 | 0.05 | 0.08 | 0.10 | 0.15 |
| Debt-to-capital ratio | 0.00 | 0.08 | 0.08 | 0.04 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.04 | 0.05 | 0.05 | 0.06 | 0.07 | 0.12 | 0.16 | 0.22 |
| 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 |
| 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 |
Saia Inc's solvency ratios indicate a strong financial position over the periods analyzed. The Debt-to-assets ratio shows a decreasing trend from 0.15 in March 2020 to 0.00 in December 2024, indicating a decreasing reliance on debt to finance its assets. Similarly, the Debt-to-capital ratio and Debt-to-equity ratio exhibit a declining pattern, implying a lower level of leverage and a healthy capital structure.
The Financial leverage ratio has also shown a consistent decrease from 1.87 in March 2020 to 1.37 in December 2024, indicating a gradual reduction in the company's financial leverage and debt burden. Overall, these solvency ratios suggest that Saia Inc has effectively managed its debt levels and maintained a strong solvency position, which bodes well for its long-term financial stability and ability to meet its obligations.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 54.21 | 72.49 | 116.22 | 204.45 | 184.92 | 196.54 | 185.12 | 179.22 | 180.26 | 176.36 | 156.70 | 127.90 | 104.60 | 83.43 | 61.80 | 41.51 | 35.05 | 27.69 | 23.09 | 24.24 |
Saia Inc's interest coverage ratio has shown a generally increasing trend from March 31, 2020, to September 30, 2022. The interest coverage ratio increased significantly from 24.24 on March 31, 2020, to a peak of 180.26 on December 31, 2022, indicating the company's ability to cover its interest expenses with operating profits.
However, from March 31, 2023, to December 31, 2024, the interest coverage ratio fluctuated, showing a decline to 54.21 on December 31, 2024. This drop may raise concerns about the company's ability to cover interest expenses with its operating income.
It is important for stakeholders to monitor Saia Inc's interest coverage closely to ensure the company can comfortably meet its interest obligations without impacting its financial stability. Further analysis of the company's financial performance and operational efficiency is recommended to understand the reasons behind the fluctuations in the interest coverage ratio.