Old Dominion Freight Line, Inc. (ODFL) Debt to Equity Ratio: 0.03
Is Old Dominion Freight Line, Inc.’s debt to equity ratio high or low?
Old Dominion Freight Line, Inc.'s debt to equity ratio of 0.03 is in line with its 5-year average of 0.03, around the middle of its 5-year range (0.02–0.04).
The debt to equity ratio for Old Dominion Freight Line, Inc. (ODFL) is 0.03 as of Wednesday, June 10, 2026. It is below its 12-month average by 14.29% (0.04).
ODFL Debt to Equity Ratio Chart
ODFL Average Debt to Equity Ratio Chart
ODFL Current vs Average Debt to Equity Ratio Chart
ODFL Debt to Equity Ratio Metrics
DEBT TO EQUITY RATIO
0.03
DEBT TO EQUITY RATIO AVG TTM
0.04
DEBT TO EQUITY RATIO AVG 3Y
0.03
DEBT TO EQUITY RATIO AVG 5Y
0.03
DEBT TO EQUITY RATIO AVG 10Y
0.04
DEBT TO EQUITY RATIO AVG 15Y
0.10
DEBT TO EQUITY RATIO AVG 20Y
0.20
CURRENT VS TTM AVG
-14.29%
CURRENT VS 3Y AVG
+0.00%
CURRENT VS 5Y AVG
+0.00%
CURRENT VS 10Y AVG
-15.38%
CURRENT VS 15Y AVG
-70.00%
CURRENT VS 20Y AVG
-84.78%
ODFL Competitors' Debt to Equity Ratio
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Old Dominion Freight Line, Inc. (ODFL) | — | 0.03 | 0.04 | 0.03 | 0.03 |
| Rockwell Automation, Inc. (ROK) | $49.11B | 1.00 | 1.08 | 1.16 | 1.46 |
| AMETEK, Inc. (AME) | $51.06B | 0.21 | 0.22 | 0.29 | 0.33 |
| Fastenal Company (FAST) | $52.90B | 0.11 | 0.12 | 0.16 | 0.18 |
| PACCAR Inc (PCAR) | $60.21B | 0.00 | 0.46 | 0.68 | 0.79 |
| Axon Enterprise, Inc. (AXON) | $36.97B | 0.59 | 0.59 | 0.55 | 0.37 |
| Paychex, Inc. (PAYX) | $35.93B | 1.22 | 0.72 | 0.50 | 0.43 |
| Rocket Lab USA, Inc. (RKLB) | $62.17B | 0.15 | 0.68 | 0.48 | 0.42 |
| Dover Corporation (DOV) | $29.23B | 0.51 | 0.48 | 0.65 | 0.72 |
| Xylem Inc. (XYL) | $25.76B | 0.17 | 0.18 | 0.29 | 0.50 |
Financial Health
Debt/Equity
0.03
Current Ratio
1.44
Old Dominion Freight Line, Inc. Debt to Equity Ratio Formula & Definition
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Old Dominion Freight Line, Inc. Debt to Equity Ratio FAQ
- What is the debt to equity ratio for Old Dominion Freight Line, Inc. (ODFL)?
- The debt to equity ratio for ODFL stock is 0.03.
- Is Old Dominion Freight Line, Inc.'s debt to equity ratio high or low?
- Old Dominion Freight Line, Inc.'s debt to equity ratio of 0.03 is in line with its 5-year average of 0.03, around the middle of its 5-year range (0.02–0.04).
- What is the TTM average debt to equity ratio for Old Dominion Freight Line, Inc. (ODFL)?
- The TTM average debt to equity ratio for ODFL stock is 0.04.
- What is the 3Y average debt to equity ratio for Old Dominion Freight Line, Inc. (ODFL)?
- The 3Y average debt to equity ratio for ODFL stock is 0.03.
- What is the 5Y average debt to equity ratio for Old Dominion Freight Line, Inc. (ODFL)?
- The 5Y average debt to equity ratio for ODFL stock is 0.03.
- What is the 10Y average debt to equity ratio for Old Dominion Freight Line, Inc. (ODFL)?
- The 10Y average debt to equity ratio for ODFL stock is 0.04.
- What is the 15Y average debt to equity ratio for Old Dominion Freight Line, Inc. (ODFL)?
- The 15Y average debt to equity ratio for ODFL stock is 0.10.
- What is the 20Y average debt to equity ratio for Old Dominion Freight Line, Inc. (ODFL)?
- The 20Y average debt to equity ratio for ODFL stock is 0.20.
Old Dominion Freight Line, Inc. Debt to Equity Ratio History
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2025-12-31 | 0.03 |
| 2024-12-31 | 0.04 |
| 2023-12-31 | 0.02 |
| 2022-12-31 | 0.03 |
| 2021-12-31 | 0.03 |
| 2020-12-31 | 0.03 |
| 2019-12-31 | 0.01 |
| 2018-12-31 | 0.02 |
| 2017-12-31 | 0.04 |
| 2016-12-31 | 0.06 |
| 2015-12-31 | 0.08 |
| 2014-12-31 | 0.10 |
| 2013-12-31 | 0.16 |
| 2012-12-31 | 0.23 |
| 2011-12-31 | 0.31 |
| 2010-12-31 | 0.41 |
| 2009-12-31 | 0.52 |
| 2008-12-31 | 0.45 |
| 2007-12-31 | 0.54 |
| 2006-12-31 | 0.66 |
| 2005-12-31 | 0.37 |
| 2004-12-31 | 0.27 |
| 2003-12-31 | 0.42 |
| 2002-12-31 | 0.46 |
| 2001-12-31 | 0.72 |
| 2000-12-31 | 0.67 |
| 1999-12-31 | 0.58 |
| 1998-12-31 | 0.73 |
| 1997-12-31 | 0.55 |
| 1996-12-31 | 0.58 |
Related Metrics
About Old Dominion Freight Line, Inc.
Old Dominion Freight Line, Inc. (ODFL) serves as a prominent less-than-truckload (LTL) freight carrier operating across the United States and North America. The company's offerings include LTL shipping solutions at regional, inter-regional, and national levels, often featuring expedited delivery options. Furthermore, ODFL provides a variety of supplementary services, such as container drayage, truckload brokerage, and supply chain consultancy. As of December 31, 2021, its extensive infrastructure comprised 10,403 tractors, 27,917 linehaul trailers, and 13,303 pickup and delivery trailers, supported by 3 fleet maintenance centers and 251 service facilities. Founded in 1934, Old Dominion Freight Line, Inc. has its corporate headquarters situated in Thomasville, North Carolina.
- Sector
- Industrials
- Industry
- Trucking
- CEO
- Kevin Freeman