Werner Enterprises Inc (WERN)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	1,455,930	1,448,560	1,455,230	1,518,000	1,528,340	1,512,220	1,497,070	1,470,540	1,443,640	1,386,560	1,343,870	1,341,460	1,327,550	1,306,560	1,296,580	1,227,730	1,195,040	1,180,140	1,136,390	1,102,040
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,455,930K)
= 0.00

The debt-to-capital ratio of Werner Enterprises Inc has consistently been reported as 0.00 across all the quarters from March 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has no debt in its capital structure during the mentioned periods. This implies that the company has been relying solely on equity financing rather than taking on debt to fund its operations and investments.

A debt-to-capital ratio of 0.00 can be seen as a positive indicator, as it suggests a lower financial risk due to the absence of debt obligations. It may also indicate strong financial health and stability, as the company does not have debt-related interest payments or principal repayments to worry about, which can strain cash flows during challenging economic conditions.

Overall, Werner Enterprises Inc's consistent debt-to-capital ratio of 0.00 reflects a conservative approach to capital structure management and a potentially strong financial position with lower leverage.