CarGurus (CARG)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 918,927 | 927,102 | 931,574 | 502,298 | 393,623 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $918,927K
= 0.00
CarGurus Inc has consistently maintained a debt-to-assets ratio of 0.00 throughout the years 2019 to 2023. This implies that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 indicates that the company's assets are fully financed by equity, which may suggest a low risk of financial distress due to debt obligations. However, it is important to note that a zero debt-to-assets ratio may also indicate missed opportunities for leveraging debt for potential growth or tax advantages. CarGurus Inc's consistent zero debt-to-assets ratio reflects a conservative financial strategy focused on minimizing debt levels and potential financial risks.
Peer comparison
Dec 31, 2023