Asbury Automotive Group Inc (ABG)
Debt-to-capital ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,502,000 | 3,362,400 | 3,330,700 | 3,346,900 | 3,244,100 | 3,248,500 | 3,068,500 | 3,049,200 | 2,903,300 | 2,642,800 | 2,410,400 | 2,182,500 | 2,115,500 | 1,301,300 | 1,148,300 | 998,000 | 905,500 | 811,900 | 713,100 | 660,900 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 + $3,502,000K)
= 0.00
Asbury Automotive Group Inc has consistently maintained a debt-to-capital ratio of 0.00 over the period from March 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has not utilized any debt to finance its operations and investments. This suggests that Asbury Automotive Group Inc has been operating with a capital structure primarily reliant on equity rather than debt. A low or zero debt-to-capital ratio can be viewed positively as it signifies lower financial risk and potentially indicates that the company is financially stable and less leveraged. However, it is essential to consider other financial metrics and factors to comprehensively assess the overall financial health and performance of the company.
Peer comparison
Dec 31, 2024