AutoNation Inc (AN)

Debt-to-assets ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands — — — — —
Total assets US$ in thousands 13,001,700 11,980,000 10,059,700 8,943,600 9,887,200
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $13,001,700K
= 0.00

The debt-to-assets ratio for AutoNation Inc has remained at 0.00 for the years 2020 to 2024, indicating that the company has not utilized debt to finance its assets during this period. A ratio of 0.00 signifies that the company's total debt is negligible in comparison to its total assets, suggesting the company may be relying more on equity financing or operating cash flows to support its operations and investments. This could imply a strong financial position and lower financial risk associated with debt for AutoNation Inc.