Asbury Automotive Group Inc (ABG)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,502,100 | 3,244,100 | 2,903,300 | 2,115,500 | 905,500 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,502,100K)
= 0.00
Based on the data provided, Asbury Automotive Group Inc has consistently maintained a debt-to-capital ratio of 0.00 from December 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has not used any debt to finance its operations or investments relative to its capital structure during this period. This suggests that the company relies solely on equity financing, which can be viewed positively as it implies a lower financial risk and less reliance on debt obligations. However, it is essential to assess the company's overall financial health and performance using additional financial ratios and metrics for a more comprehensive analysis.
Peer comparison
Dec 31, 2024