Asbury Automotive Group Inc (ABG)

Debt-to-assets ratio

		Dec 31, 2023	Sep 30, 2023	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
Long-term debt	US$ in thousands	—	2,912,100	3,001,200	3,038,000	2,960,900	2,865,800	3,025,500	3,291,000	3,502,000	1,394,300	1,404,400	1,215,500	1,253,900	1,243,800	989,200	854,200	983,700	922,100	927,400	922,400
Total assets	US$ in thousands	10,159,400	8,255,000	8,165,900	8,182,800	8,021,400	7,816,300	7,638,800	7,860,100	8,002,600	3,571,400	3,524,900	3,582,300	3,676,300	3,530,600	2,934,400	3,069,200	2,911,300	2,816,500	2,814,000	2,904,900
Debt-to-assets ratio		0.00	0.35	0.37	0.37	0.37	0.37	0.40	0.42	0.44	0.39	0.40	0.34	0.34	0.35	0.34	0.28	0.34	0.33	0.33	0.32

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $10,159,400K
= 0.00

The debt-to-assets ratio for Asbury Automotive Group Inc has shown some fluctuations over the past eight quarters. The ratio has ranged from a low of 0.40 in Q2 and Q3 of 2023 to a high of 0.51 in Q4 of 2023. A lower ratio indicates lower financial leverage and less reliance on debt financing, while a higher ratio suggests a higher proportion of assets being funded by debt.

Overall, the trend in the debt-to-assets ratio has been relatively stable, hovering around the 0.40 to 0.48 range in recent quarters. It is important for investors and stakeholders to closely monitor this ratio to assess the company's ability to meet its financial obligations and manage its debt levels effectively.