Werner Enterprises Inc (WERN)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,052,240 | 3,157,940 | 3,097,260 | 2,589,920 | 2,156,680 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,052,240K
= 0.00
The debt-to-assets ratio of Werner Enterprises Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt as a source of financing for its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity, which may indicate a strong financial position with lower risk associated with debt obligations. However, it is important to note that while a low debt-to-assets ratio can be favorable, it may also suggest limited leverage which could potentially impact the company's ability to take advantage of growth opportunities or tax benefits associated with debt financing.
Peer comparison
Dec 31, 2024