AutoNation Inc (AN)
Debt-to-assets ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 11,980,000 | 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 | 10,543,300 | 10,451,800 | 10,699,500 | 10,914,300 |
| 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, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $11,980,000K
= 0.00
Autonation Inc.'s debt-to-assets ratio has exhibited a gradual increase over the quarters from Q1 2022 to Q4 2023, indicating a rising proportion of debt relative to its total assets. The trend suggests that the company has been relying more on debt to finance its operations and investments. This increase in leverage may be a cause for concern as it could potentially lead to higher financial risk and interest expenses for the company. Further analysis and monitoring of Autonation Inc.'s debt levels and their impact on overall financial health would be advisable to assess the sustainability of its capital structure.
Peer comparison
Dec 31, 2023