Stock Analysis on Net
Stock Analysis on Net

Old Dominion Freight Line Inc. (NASDAQ:ODFL)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 4, 2023.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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Old Dominion Freight Line Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Accounts payable
Compensation and benefits
Claims and insurance accruals
Other accrued liabilities
Income taxes payable
Current maturities of long-term debt
Current liabilities
Long-term debt, excluding current maturities
Other non-current liabilities
Deferred income taxes
Long-term liabilities
Total liabilities
Common stock, $0.10 par value
Capital in excess of par value
Retained earnings
Accumulated other comprehensive income
Shareholders’ equity
Total liabilities and shareholders’ equity

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Accounts payable
The percentage of accounts payable relative to total liabilities and shareholders’ equity showed a general decline from early 2018 through mid-2020, reaching a low around 1.26%. Subsequently, the ratio increased with some volatility, peaking near 2.93% in late 2021 before trending downward again into mid-2023.
Compensation and benefits
This item fluctuated moderately between approximately 4.4% and 6.1% over the observed periods. It decreased slightly in early 2019 and mid-2020 but experienced a rise from late 2021 into 2022 with values over 6%, followed by a decline approaching 5% by mid-2023.
Claims and insurance accruals
This liability remained relatively stable, hovering near 1.3% with very minor fluctuations, indicating consistent management of claims and insurance reserves throughout the period.
Other accrued liabilities
Other accrued liabilities displayed an upward trend beginning in early 2019, increasing from below 1% to peaks above 2% in early 2021 before decreasing toward the end of 2022 and early 2023 to values around 1.3% to 1.5%.
Income taxes payable
Data for income taxes payable was sporadic but showed notable spikes in early and mid-2020 near 2.5%, followed by variable declines and increases. There was a resurgence around early 2022, with levels fluctuating between approximately 0.9% and 1.7%.
Current maturities of long-term debt
This ratio was missing for most periods until early 2020, when it appeared just above 1% with a gradual decrease to about 0.4% by mid-2023, reflecting a declining burden of short-term debt maturities relative to total capital.
Current liabilities
Current liabilities as a percentage of total capital were somewhat volatile. After a decline through 2019, they rose sharply in the first half of 2020, reaching above 12%, before fluctuating between 9.5% and 13.3%. This suggests variations in short-term obligations, possibly linked to operational adjustments.
Long-term debt, excluding current maturities
This metric decreased consistently from early 2018 to late 2019, then increased sharply during 2020, peaking above 2.3%, and subsequently declined steadily through mid-2023 to near 1.2%, indicating a reduction in long-term debt burdens in recent periods.
Other non-current liabilities
Other non-current liabilities generally declined from 6.9% in early 2018 to below 5.5% by mid-2023, with intermittent fluctuations. This reflects a gradual reduction in non-current obligations aside from long-term debt.
Deferred income taxes
This item exhibited a downward trend from about 6.9% in late 2018 to 4.8% in mid-2021, followed by a gradual increase reaching around 6.4% by late 2022, and settling near 6.2% in mid-2023. This pattern suggests shifting timing differences in tax recognition.
Long-term liabilities
Long-term liabilities showed a slight decrease overall, falling from above 14.5% in 2018 to around 12.9% by mid-2023, with moderate variability within this downward trend.
Total liabilities
Total liabilities fluctuated between roughly 23% and 27%, peaking in 2020 and then trending downwards, reaching the low 23% range by mid-2023, indicating relative stability with some short-term increases linked to specific periods.
Common stock
The proportion represented by common stock remained very low and stable, hovering near 0.2% throughout the period, indicating no significant changes in par value stock levels relative to total capital.
Capital in excess of par value
This metric experienced variability, declining from over 4.4% in early 2018 to lows near 3.5% in the first half of 2021, then increasing sharply to around 5% by late 2022 before modestly declining again, reflecting changes in capital contributions or equity issuance.
Retained earnings
Retained earnings constituted the largest component of shareholders’ equity, consistently near 70%. Variations were minor, with a notable dip in 2020 followed by recovery into 2021 and some decreases toward late 2022, suggesting fluctuations in accumulated profitability and dividend policies.
Shareholders’ equity
Shareholders’ equity ranged between approximately 73% and 77%, showing resilience and slight increases during 2019 and 2021, followed by minor volatility with a general slight upward trend into mid-2023, underlining overall financial stability.
Total liabilities and shareholders’ equity
By definition, this sum remained constant at 100% throughout all periods, serving as the baseline for the percentage comparisons of individual components.