AutoNation Inc (AN)
Debt-to-assets 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 assets | US$ in thousands | 13,001,700 | 12,906,600 | 12,828,600 | 12,041,300 | 12,355,700 | 11,241,000 | 11,079,500 | 10,360,800 | 10,059,700 | 9,415,300 | 9,307,500 | 9,357,900 | 8,943,600 | 8,140,700 | 8,381,000 | 9,267,500 | 9,887,200 | 9,569,300 | 9,448,500 | 10,552,400 |
| Debt-to-assets 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-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $13,001,700K
= 0.00
AutoNation Inc's debt-to-assets ratio has consistently been 0.00 for the past several quarters as per the provided data from March 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt relative to its total assets during the periods mentioned. This implies that AutoNation Inc has been funding its operations mainly through equity rather than debt financing. Having a low or zero debt-to-assets ratio can be seen as a positive sign, suggesting financial stability and a lower level of financial risk for the company. However, it is important to consider that different industries may have varying optimal levels of debt, and the absence of debt may also limit potential growth opportunities or tax advantages.
Peer comparison
Dec 31, 2024