CarGurus (CARG)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 541,689 | 616,852 | 734,609 | 516,841 | 373,586 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $541,689K)
= 0.00
The debt-to-capital ratio for CarGurus has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt capital in relation to its total capital structure during this period. A debt-to-capital ratio of 0.00 suggests that CarGurus has been primarily funded by equity rather than debt, which could imply lower financial risk and interest expense burden. However, it's important to note that a zero debt-to-capital ratio may also signal missed opportunities for leveraging debt to potentially enhance returns. Overall, the steady maintenance of a zero debt-to-capital ratio indicates a conservative financing approach by CarGurus.
Peer comparison
Dec 31, 2024