Werner Enterprises Inc (WERN)

Debt-to-assets 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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	3,052,240	3,121,720	3,093,570	3,078,830	3,157,940	3,194,460	3,105,190	3,116,320	3,097,260	2,859,130	2,848,590	2,649,030	2,589,920	2,479,140	2,382,870	2,229,530	2,156,680	2,140,140	2,079,710	2,088,900
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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 for Werner Enterprises Inc has remained consistently at 0.00 for all the reported periods from March 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company does not have any financial obligations or debt recorded on its balance sheet in relation to its total assets during these periods. This could suggest that the company has been operating with minimal or no debt financing, which may be a positive indicator of financial stability and a lower risk of default. It also signifies that the company's assets are primarily funded by equity or other non-debt sources. However, it is essential to note that a low debt-to-assets ratio may also imply missed opportunities for leveraging debt for potential growth or expansion. Overall, Werner Enterprises Inc's consistent 0.00 debt-to-assets ratio indicates a conservative financial approach with minimal reliance on debt to support its operations and investments over the reported periods.