Old Dominion Freight Line Inc - Asset Resilience Ratio
Old Dominion Freight Line Inc (ODFL) has an Asset Resilience Ratio of 0.57% as of June 2024. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing. Check Old Dominion Freight Line Inc strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio Trend (2006–2023)
This chart shows how Old Dominion Freight Line Inc's Asset Resilience Ratio has changed over time. See ODFL equity to assets ratio to measure how much of total assets are equity-financed.
Liquid Assets Composition Over Time
This chart breaks down Old Dominion Freight Line Inc's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time. For market capitalisation and broader financial context, see market cap of Old Dominion Freight Line Inc.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0% |
| Short-term Investments | $30.27 Million | 0.57% |
| Total Liquid Assets | $30.27 Million | 0.57% |
Asset Resilience Insights
- Limited Liquidity: Old Dominion Freight Line Inc maintains only 0.57% of assets in liquid form.
- This low level may indicate efficient asset utilization but could pose risks during economic downturns.
- The company has significant short-term investments, indicating active treasury management.
Old Dominion Freight Line Inc Industry Peers by Asset Resilience Ratio
Compare Old Dominion Freight Line Inc's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
Saia Inc
NASDAQ:SAIA |
Trucking | 0.00% |
|
Samil Co.Ltd
KQ:032280 |
Trucking | 0.00% |
|
Lindsay Australia Ltd
AU:LAU |
Trucking | 2.88% |
|
Tegma Gestão Logística S.A
SA:TGMA3 |
Trucking | 8.16% |
|
TFI International Inc
TO:TFII |
Trucking | 2.04% |
|
Mullen Group Ltd.
TO:MTL |
Trucking | 5.79% |
|
Shanghai Qiangsheng Holding Co Ltd
SHG:600662 |
Trucking | 2.23% |
|
Dazhong Transportation Group Co Ltd A
SHG:600611 |
Trucking | 9.35% |
Annual Asset Resilience Ratio for Old Dominion Freight Line Inc (2006–2023)
The table below shows the annual Asset Resilience Ratio data for Old Dominion Freight Line Inc.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2023-12-31 | 0.00% | $0.00 | $5.51 Billion | -- |
| 2022-12-31 | 1.02% | $49.35 Million | $4.84 Billion | 0.00pp |
| 2021-12-31 | 1.02% | $49.35 Million | $4.84 Billion | -4.26pp |
| 2020-12-31 | 5.28% | $254.43 Million | $4.82 Billion | -2.99pp |
| 2019-12-31 | 8.27% | $330.27 Million | $4.00 Billion | -- |
| 2017-12-31 | 0.00% | $0.00 | $3.07 Billion | -- |
| 2016-12-31 | 0.00% | $0.00 | $2.70 Billion | -- |
| 2015-12-31 | 0.00% | $0.00 | $2.47 Billion | -- |
| 2014-12-31 | 0.00% | $0.00 | $2.24 Billion | -- |
| 2013-12-31 | 0.00% | $0.00 | $1.93 Billion | -- |
| 2012-12-31 | 0.00% | $0.00 | $1.71 Billion | -- |
| 2011-12-31 | 0.00% | $0.00 | $1.51 Billion | -- |
| 2010-12-31 | 0.00% | $0.00 | $1.24 Billion | -- |
| 2008-12-31 | 0.45% | $4.86 Million | $1.07 Billion | -2.03pp |
| 2007-12-31 | 2.48% | $24.38 Million | $981.05 Million | -7.06pp |
| 2006-12-31 | 9.55% | $85.16 Million | $892.19 Million | -- |
About Old Dominion Freight Line Inc
Old Dominion Freight Line, Inc. operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation services. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting. In addition, the co… Read more