Debt to Equity
since 2005

Old Dominion Freight Line Inc., debt to equity, long-term trends, calculation

	Debt to equity	=	Long-term debt, including current maturities¹	÷	Shareholders’ equity¹
Dec 31, 2022	0.03	=	99,963)	÷	3,652,917)
Dec 31, 2021	0.03	=	99,947)	÷	3,679,807)
Dec 31, 2020	0.03	=	99,931)	÷	3,326,288)
Dec 31, 2019	0.01	=	45,000)	÷	3,080,717)
Dec 31, 2018	0.02	=	45,000)	÷	2,680,483)
Dec 31, 2017	0.04	=	95,000)	÷	2,276,854)
Dec 31, 2016	0.06	=	104,975)	÷	1,851,158)
Dec 31, 2015	0.08	=	133,805)	÷	1,684,637)
Dec 31, 2014	0.10	=	155,714)	÷	1,494,064)
Dec 31, 2013	0.16	=	191,429)	÷	1,232,082)
Dec 31, 2012	0.23	=	240,407)	÷	1,025,969)
Dec 31, 2011	0.31	=	269,185)	÷	856,519)
Dec 31, 2010	0.41	=	271,217)	÷	668,649)
Dec 31, 2009	0.52	=	305,532)	÷	593,000)
Dec 31, 2008	0.45	=	251,989)	÷	558,129)
Dec 31, 2007	0.54	=	263,754)	÷	489,452)
Dec 31, 2006	0.66	=	274,582)	÷	417,620)
Dec 31, 2005	0.37	=	128,956)	÷	345,051)

¹ US$ in thousands

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Old Dominion Freight Line Inc., debt to equity, long-term trends, comparison to competitors

	Old Dominion Freight Line Inc.	FedEx Corp.	Uber Technologies Inc.	Union Pacific Corp.	United Parcel Service Inc.
Dec 31, 2022	0.03	0.81	1.26	2.74	0.99
Dec 31, 2021	0.03	0.86	0.64	2.10	1.54
Dec 31, 2020	0.03	1.20	0.62	1.58	37.53
Dec 31, 2019	0.01	0.99	0.40	1.39	7.73
Dec 31, 2018	0.02	0.85	—	1.10	7.53
Dec 31, 2017	0.04	0.93	—	0.68	24.29
Dec 31, 2016	0.06	1.01	—	0.75	39.69
Dec 31, 2015	0.08	0.48	—	0.69	5.80
Dec 31, 2014	0.10	0.31	—	0.54	5.04
Dec 31, 2013	0.16	0.17	—	0.45	1.68
Dec 31, 2012	0.23	0.11	—	0.45	2.77
Dec 31, 2011	0.31	0.11	—	0.48	1.58
Dec 31, 2010	0.41	0.14	—	0.52	1.36
Dec 31, 2009	0.52	0.19	—	0.58	1.25
Dec 31, 2008	0.45	0.14	—	0.58	1.46
Dec 31, 2007	0.54	0.21	—	0.49	0.90
Dec 31, 2006	0.66	0.21	—	0.44	0.27
Dec 31, 2005	0.37	0.29	—	0.54	0.24

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Old Dominion Freight Line Inc., debt to equity, long-term trends, comparison to sector (transportation)

	Old Dominion Freight Line Inc.	Transportation
Dec 31, 2022	0.03	1.28
Dec 31, 2021	0.03	1.22
Dec 31, 2020	0.03	1.68
Dec 31, 2019	0.01	1.38
Dec 31, 2018	0.02	1.44
Dec 31, 2017	0.04	1.34
Dec 31, 2016	0.06	1.32
Dec 31, 2015	0.08	0.94
Dec 31, 2014	0.10	0.70
Dec 31, 2013	0.16	0.52
Dec 31, 2012	0.23	0.60
Dec 31, 2011	0.31	0.53
Dec 31, 2010	0.41	0.56
Dec 31, 2009	0.52	0.57
Dec 31, 2008	0.45	0.57
Dec 31, 2007	0.54	0.53
Dec 31, 2006	0.66	0.32
Dec 31, 2005	0.37	0.35

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Old Dominion Freight Line Inc., debt to equity, long-term trends, comparison to industry (industrials)

	Old Dominion Freight Line Inc.	Industrials
Dec 31, 2022	0.03	1.32
Dec 31, 2021	0.03	1.25
Dec 31, 2020	0.03	1.73
Dec 31, 2019	0.01	1.86
Dec 31, 2018	0.02	1.87
Dec 31, 2017	0.04	1.65
Dec 31, 2016	0.06	1.55
Dec 31, 2015	0.08	1.52
Dec 31, 2014	0.10	1.86
Dec 31, 2013	0.16	1.77
Dec 31, 2012	0.23	2.24
Dec 31, 2011	0.31	2.56
Dec 31, 2010	0.41	2.63
Dec 31, 2009	0.52	2.92
Dec 31, 2008	0.45	3.45
Dec 31, 2007	0.54	2.72
Dec 31, 2006	0.66	2.46
Dec 31, 2005	0.37	2.11

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Old Dominion Freight Line Inc. (NASDAQ:ODFL)