Asbury Automotive Group Inc (ABG)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,502,100K
= 0.00
The debt-to-equity ratio of Asbury Automotive Group Inc has consistently been at 0.00 for the years 2020, 2021, 2022, 2023, and 2024. This indicates that the company has not utilized any debt to finance its operations during this period and has relied solely on equity for funding. A debt-to-equity ratio of 0.00 typically suggests a conservative financial structure with low leverage and minimal financial risk. Asbury Automotive Group Inc's stable and low debt-to-equity ratio reflects a strong financial position and may indicate sound financial management practices focused on maintaining a healthy balance sheet.
Peer comparison
Dec 31, 2024