Landstar System (Landstar System) Debt-to-Equity

: 0.14 (As of Dec. 2023)

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Landstar System's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $89 Mil. Landstar System's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $43 Mil. Landstar System's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $984 Mil. Landstar System's debt to equity for the quarter that ended in Dec. 2023 was 0.13.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Landstar System's Debt-to-Equity or its related term are showing as below:

LSTR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.26 Max: 0.34
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of Landstar System was 0.34. The lowest was 0.14. And the median was 0.26.

LSTR's Debt-to-Equity is ranked better than
84.89% of 887 companies
in the Transportation industry
Industry Median: 0.55 vs LSTR: 0.14

Landstar System Debt-to-Equity Historical Data

The historical data trend for Landstar System's Debt-to-Equity 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.

* Premium members only.

Landstar System Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.23

0.25

0.27

0.22

0.14

Landstar System Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.22	0.17	0.14	0.12	0.14

Competitive Comparison

For the Integrated Freight & Logistics subindustry, Landstar System's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Landstar System Debt-to-Equity Distribution

For the Transportation industry and Industrials sector, Landstar System's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Landstar System's Debt-to-Equity falls into.

Landstar System Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Landstar System's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(89.417	+	43.264)	/	983.923
	=	0.13

Landstar System's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(89.417	+	43.264)	/	983.923
	=	0.13

Landstar System (NAS:LSTR) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Landstar System Debt-to-Equity Related Terms

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Landstar System (Landstar System) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Landstar System Inc (NAS:LSTR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LDS:Germany LDS:Germany

Address

13410 Sutton Park Drive South, Jacksonville, FL, USA, 32224

Website

https://www.landstar.com

Landstar System is an agent based asset-light third-party logistics provider focused on domestic truck brokerage (90% of revenue). Historically, roughly half of its truck transportation freight is hauled by leased owner-operators with the remainder hauled by third-party broker-carriers. To a smaller degree, it offers intermodal, global air and ocean forwarding, and warehousing services. Landstar also runs a small business that offers insurance programs to captive owner-operators. It has a long history of industry-leading execution and operating profitability.

Executives

Joseph J Beacom	officer: VP, Chief Safety Officer	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
James B Gattoni	officer: Vice President - Controller	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Ricardo S Coro	officer: Vice President - CIO	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Michael K Kneller	officer: VP General Counsel & Secy	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Aimee M Cooper	officer: VP & CAO	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
James P Todd	officer: VP and CFO	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Teresa L White	director	1932 WYNNTON RD, COLUMBUS GA 31999
James L Liang	director	C/O LENCO MOBILE INC., 345 CHAPALA STREET, SANTA BARBARA CA 93101
Federico L Pensotti	officer: VP and CFO	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
L Kevin Stout	officer: VP, CFO and Asst Secretary	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Dr. Homaira Akbari	director	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Larry J Thoele	director	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Diana M Murphy	director	C/O LANDSTAR SYSTEM INC, 13410 SUTTON PARK DR S, JACKSONVILLE FL 32224
Anthony J Orlando	director	TWO NORTH RIVERSIDE PLAZA, STE 600, CHICAGO IL 60606
Robert S Brasher	officer: VP & Chief Commercial Officer	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224