Asbury Automotive Group Inc (ABG)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 10,337,000 | 10,159,400 | 8,021,400 | 8,002,600 | 3,676,300 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $10,337,000K
= 0.00
The debt-to-assets ratio for Asbury Automotive Group Inc has been consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a source of financing in relation to its total assets during this period. A debt-to-assets ratio of 0.00 suggests that the company may be predominantly funding its operations through equity or other non-debt financing sources. It also indicates a lower financial risk as there is no debt to be serviced and limited exposure to interest rate fluctuations. However, it is essential to consider other financial metrics and information to gain a comprehensive understanding of Asbury Automotive Group Inc's overall financial health and capital structure.
Peer comparison
Dec 31, 2024