Knight-Swift Transportation Holdings (FRA:KSX) Equity-to-Asset : 0.56 (As of Mar. 2024)

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What is Knight-Swift Transportation Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Knight-Swift Transportation Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €6,492 Mil. Knight-Swift Transportation Holdings's Total Assets for the quarter that ended in Mar. 2024 was €11,619 Mil. Therefore, Knight-Swift Transportation Holdings's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.56.

The historical rank and industry rank for Knight-Swift Transportation Holdings's Equity-to-Asset or its related term are showing as below:

FRA:KSX' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.55 Med: 0.68 Max: 0.75
Current: 0.56

During the past 13 years, the highest Equity to Asset Ratio of Knight-Swift Transportation Holdings was 0.75. The lowest was 0.55. And the median was 0.68.

FRA:KSX's Equity-to-Asset is ranked better than
61.7% of 979 companies
in the Transportation industry
Industry Median: 0.49 vs FRA:KSX: 0.56

Knight-Swift Transportation Holdings Equity-to-Asset Historical Data

The historical data trend for Knight-Swift Transportation Holdings's Equity-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Knight-Swift Transportation Holdings Equity-to-Asset Chart

Knight-Swift Transportation Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.68

0.69

0.61

0.63

0.55

Knight-Swift Transportation Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial															0.64	0.62	0.55	0.55	0.56

Competitive Comparison of Knight-Swift Transportation Holdings's Equity-to-Asset

For the Trucking subindustry, Knight-Swift Transportation Holdings's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Knight-Swift Transportation Holdings's Equity-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Knight-Swift Transportation Holdings's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Knight-Swift Transportation Holdings's Equity-to-Asset falls into.

Knight-Swift Transportation Holdings Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Knight-Swift Transportation Holdings's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	6499.137	/	11802.492
	=	0.55

Knight-Swift Transportation Holdings's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	6491.658	/	11618.56
	=	0.56

Knight-Swift Transportation Holdings (FRA:KSX) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Knight-Swift Transportation Holdings Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Knight-Swift Transportation Holdings's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Knight-Swift Transportation Holdings (FRA:KSX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Knight-Swift Transportation Holdings Inc (FRA:KSX) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

KNX:USA

Address

2002 West Wahalla Lane, Phoenix, AZ, USA, 85027

Website

https://www.knight-swift.com

Knight-Swift is the largest truckload, or TL, carrier in the U.S., with a diversified transportation offering. Pro forma for the U.S. Xpress deal, 74% of revenue derives from Knight's asset-based trucking business, with full-truckload (for-hire dry van, refrigerated, and dedicated contract) making up 63% and LTL at 11%. Truck brokerage and other asset-light logistics services make up 14% of revenue, with intermodal near 6%. Knight's intermodal operations use the Class-I railroads for the underlying movement of its shipping containers and also include drayage (regional trucking services to and from inland intermodal ramps/terminals). The remainder of revenue (6%) reflects services offered to shippers and third-party truckers including insurance, equipment maintenance, and equipment leasing.

Knight-Swift Transportation Holdings (FRA:KSX) Headlines

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