Saia Inc (SAIA)

Solvency ratios

	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
Debt-to-assets ratio	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	0.10	0.12	0.13	0.12
Debt-to-capital ratio	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	0.14	0.17	0.19	0.17
Debt-to-equity ratio	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	0.17	0.21	0.24	0.21
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

Saia Inc.'s solvency ratios indicate the company's ability to meet its long-term financial obligations without facing financial distress. The debt-to-assets ratio has remained consistently low at 0.01 across all quarters, suggesting that the company has a low level of debt relative to its total assets.

Similarly, the debt-to-capital and debt-to-equity ratios have also remained stable at 0.01 in the recent quarters, indicating that Saia has maintained a strong financial structure with a minimal reliance on debt to fund its operations or expansion.

However, the financial leverage ratio has shown a slight increase over the quarters, from 1.33 in Q4 2022 to 1.50 in Q1 2022. This indicates that the company's reliance on debt to finance its operations has increased, potentially leading to higher financial risk and reduced flexibility.

Overall, Saia Inc. appears to have a solid solvency position with low debt levels relative to its assets, capital, and equity. Still, the slight increase in the financial leverage ratio suggests a need for continued monitoring to ensure the company's long-term financial stability.

Coverage ratios

	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
Interest coverage	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	22.93	24.48	25.25	25.57

The interest coverage ratio for Saia Inc. over the past eight quarters has shown a generally positive trend, indicating the company's ability to cover its interest expenses with operating profits. In Q1 2023, the interest coverage ratio was 178.83, an improvement from the previous quarter. This suggests that Saia Inc. had ample earnings to cover its interest payments by nearly 179 times during that period. The consistent increase in interest coverage from Q1 2022 to Q1 2023 reflects the company's improving financial health and ability to meet its debt obligations comfortably. This trend indicates a positive outlook for Saia Inc.'s debt servicing capability and financial stability.