Asbury Automotive Group Inc (ABG)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,502,000K
= 0.00

Asbury Automotive Group Inc has consistently maintained a debt-to-equity ratio of 0.00 over the past several quarters, indicating that the company has no debt on its balance sheet relative to its equity. A debt-to-equity ratio of 0.00 typically suggests that the company is primarily funded through equity rather than debt financing. This can be viewed positively by investors and creditors as lower debt levels generally imply lower financial risk and greater financial stability for the company. However, it is important to note that while a low debt-to-equity ratio can be favorable, it may also indicate a potential underutilization of debt capital that could be used to finance growth opportunities or enhance shareholder returns. Overall, the consistent 0.00 debt-to-equity ratio for Asbury Automotive Group Inc reflects a conservative financial structure with limited reliance on debt financing.