Werner Enterprises Inc (WERN)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 646,250 | 687,500 | 422,500 | 175,000 | 225,000 |
| Total assets | US$ in thousands | 3,157,940 | 3,097,260 | 2,603,710 | 2,156,680 | 2,143,860 |
| Debt-to-assets ratio | 0.20 | 0.22 | 0.16 | 0.08 | 0.10 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $646,250K ÷ $3,157,940K
= 0.20
The debt-to-assets ratio of Werner Enterprises, Inc. has fluctuated over the past five years. In 2023, the ratio stands at 0.21, which indicates that 21% of the company's total assets are financed through debt. Compared to the previous year, there was a slight decrease from 0.22 in 2022.
Looking further back, the ratio was higher in 2021 at 0.16, indicating more reliance on debt for financing assets. The ratio was significantly lower in 2020 at 0.09, showcasing a conservative approach to debt utilization. In 2019, the ratio increased to 0.14, indicating a mild uptick in debt dependence compared to 2020.
Overall, the trend in Werner Enterprises' debt-to-assets ratio suggests varying levels of leverage over the years, with the company experiencing both increases and decreases in debt financing relative to its asset base. It is essential to monitor this ratio going forward to assess the company's financial risk and stability.
Peer comparison
Dec 31, 2023