Total Debt to Equity of Old Dominion Freight Line Inc. (ODFL) is 0.05

The debt-to-equity (D/E) ratio is calculated by dividing a company’s total liabilities by its shareholder equity. These numbers are available on the balance sheet of a company’s financial statements.The ratio is used to evaluate a company's financial leverage. The D/E ratio is an important metric used in corporate finance. It is a measure of the degree to which a company is financing its operations through debt versus wholly owned funds. More specifically, it reflects the ability of shareholder equity to cover all outstanding debts in the event of a business downturn. It shows the percentage of company financing that comes from investors. A high debt/equity ratio is often associated with high risk; it means that a company has been aggressive in financing its growth with debt.

 

Source: Investopedia

Total Debt to Equity
Dec 19Jan 20Feb 20Mar 20Apr 20May 20Jun 20Jul 20Aug 20Sep 20Oct 20Nov 20
0.020.020.020.010.010.010.010.010.010.050.050.05