Debt-to-Equity Ratio

Saia's debt-to-equity ratio of 0.04x means the company uses only 4 cents of debt for every dollar of shareholders' equity, indicating a very low reliance on borrowed money.

Compared to sector peers, this ratio sits far below the Industrials sector median of 0.65x, placing Saia in the 13th percentile — meaning 87% of peers carry more debt relative to equity. The year-over-year change is not available, but the quarter-over-quarter change shows a decline of 33.3%, from 0.06x to the current 0.04x. The combination of an extremely low level and a further decreasing trend suggests minimal financial leverage risk, but also implies the company may be underutilizing debt to fund growth, which could limit upside potential. This metric supports the overall NEUTRAL verdict: the low debt is a defensive strength, yet the absence of leverage leaves little catalyst for above-average returns, balancing the risk-opportunity profile.

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