CarGurus (CARG)
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 | 824,536 | 778,161 | 753,331 | 870,803 | 918,927 | 1,048,720 | 1,040,320 | 1,051,580 | 927,102 | 982,855 | 1,009,710 | 945,805 | 931,574 | 819,917 | 784,205 | 719,393 | 502,298 | 460,551 | 407,436 | 406,438 |
| 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 ÷ $824,536K
= 0.00
The debt-to-assets ratio for CarGurus has consistently been at 0.00 over the period from March 31, 2020, to December 31, 2024. This ratio indicates that CarGurus has not been financing its assets with debt during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely financed by equity, indicating a low financial risk and a strong financial position with no significant reliance on debt to fund its operations and investments. It also implies that CarGurus has a strong ability to cover its obligations using its own resources without taking on additional debt.
Peer comparison
Dec 31, 2024