CarGurus (CARG)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 541,689 | 483,473 | 452,073 | 568,362 | 616,852 | 716,994 | 700,854 | 695,808 | 734,609 | 577,931 | 461,835 | 464,865 | 516,841 | 589,256 | 549,181 | 508,655 | 373,586 | 338,259 | 295,855 | 277,968 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $541,689K)
= 0.00
The debt-to-capital ratio for CarGurus is consistently reported as 0.00 across all reported quarters from March 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has no debt in its capital structure. This suggests that CarGurus relies entirely on equity financing to support its operations and growth, without taking on any debt obligations. A debt-to-capital ratio of 0.00 may be seen as a positive indicator of strong financial health and a low level of financial risk, as the company is not burdened by debt repayment requirements. It also indicates that the company's capital structure is not leveraged with debt, which can provide financial stability and flexibility in managing its operations and investments.
Peer comparison
Dec 31, 2024