AutoNation Inc (AN)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,211,400 | 2,047,800 | 2,377,000 | 3,235,700 | 3,162,100 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,211,400K
= 0.00
The debt-to-equity ratio of Autonation Inc. has been fluctuating over the past five years, indicating varying levels of leverage relative to equity.
In 2023, the debt-to-equity ratio increased to 3.47 from 2.81 in 2022, reflecting a significant rise in debt relative to equity. This could suggest that the company has taken on more debt compared to shareholder equity in the most recent year.
Looking back at 2021, the ratio was 1.96, indicating a moderate level of leverage. However, in 2020, there was a decrease to 1.50, which may imply a reduction in the proportion of debt to equity in the company's capital structure.
The ratio was even higher in 2019 at 1.80, indicating a closer balance between debt and equity in that year compared to 2023.
Overall, the trend in Autonation Inc.'s debt-to-equity ratio shows fluctuations in the company's leverage over the past five years, with 2023 exhibiting a notable increase compared to the previous years. It would be important to further investigate the reasons behind these changes to assess the company's risk profile and financial health accurately.
Peer comparison
Dec 31, 2023