CarGurus (CARG)

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 824,536 918,927 927,102 931,574 502,298
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 ÷ $824,536K
= 0.00

The debt-to-assets ratio of CarGurus has been consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 typically suggests that the company's operations are primarily funded by equity rather than debt, portraying a strong financial position and lower financial risk. CarGurus' ability to maintain a debt-to-assets ratio of 0.00 over multiple years demonstrates a conservative approach to capital structure and a stable financial foundation.