Asbury Automotive Group Inc (ABG)

Solvency ratios

	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
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
Debt-to-capital ratio	0.00	0.47	0.49	0.50	0.50	0.52	0.56	0.60	0.62	0.52	0.55	0.55	0.58	0.61	0.58	0.56	0.60	0.61	0.63	0.65
Debt-to-equity ratio	0.00	0.90	0.98	1.00	1.02	1.08	1.26	1.51	1.66	1.07	1.22	1.22	1.38	1.53	1.39	1.29	1.52	1.54	1.67	1.83
Financial leverage ratio	3.13	2.54	2.66	2.68	2.76	2.96	3.17	3.60	3.78	2.74	3.07	3.59	4.06	4.35	4.11	4.64	4.50	4.69	5.06	5.76

Asbury Automotive Group Inc's solvency ratios indicate its ability to meet its financial obligations and manage its debt effectively. The Debt-to-assets ratio has fluctuated between 0.40 and 0.51 over the past eight quarters, suggesting that the company relies on debt for about 40% to 51% of its total assets during this period.

The Debt-to-capital ratio has shown a similar trend, varying between 0.50 and 0.62, demonstrating that roughly 50% to 62% of Asbury Automotive's capital structure is funded by debt across the quarters analyzed.

The Debt-to-equity ratio has experienced more significant fluctuations, ranging from 1.01 to 1.74, indicating the company's reliance on debt to finance its operations compared to equity. A higher Debt-to-equity ratio suggests higher financial risk due to increased debt obligations relative to shareholder equity.

The Financial leverage ratio has followed a similar pattern, with values between 2.54 and 3.60, showing the extent to which the company uses debt to support its operations and investments. A higher financial leverage ratio implies a higher level of financial risk and reliance on debt financing.

Overall, the analysis of Asbury Automotive Group Inc's solvency ratios indicates that the company has maintained a relatively stable level of debt usage to support its operations and investments over the past eight quarters, although there have been fluctuations in the degree of leverage employed. Investors and stakeholders may monitor these ratios to assess the company's solvency and financial risk profile.

Coverage ratios

	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
Interest coverage	5.75	7.01	7.32	7.70	7.96	6.99	7.35	7.77	7.76	11.30	10.28	8.34	6.22	5.37	4.66	4.57	5.55	5.54	5.59	5.54

Asbury Automotive Group Inc's interest coverage has been relatively stable and healthy over the past eight quarters. The company's interest coverage ratio, which measures its ability to meet interest expenses, has consistently remained above 6. This indicates that Asbury Automotive Group Inc is generating sufficient operating income to cover its interest obligations, with the ratio ranging from 6.46 to 7.90 during the period analyzed.

The trend shows that the company's ability to cover its interest expenses has been strong and improving in recent quarters. This consistent performance suggests that Asbury Automotive Group Inc is effectively managing its debt and generating enough earnings to comfortably service its interest payments. Overall, the company's interest coverage ratio reflects a solid financial position and indicates a low risk of default due to insufficient earnings to cover interest costs.