CarGurus (CARG)

Debt-to-capital ratio

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 616,852 716,994 700,854 695,808 734,609 577,931 461,835 464,865 516,841 589,256 549,181 508,655 373,586 338,259 295,855 277,968 256,855 237,102 222,386 211,009
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, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $616,852K)
= 0.00

Based on the data provided for CarGurus Inc, the debt-to-capital ratio has consistently been reported as 0.00 for each quarter spanning from Q1 2022 to Q4 2023. A debt-to-capital ratio of 0% indicates that the company has not utilized any debt to finance its operations or investments relative to its total capital structure during this period. This suggests that CarGurus Inc has maintained a capital structure primarily funded by equity, which may signify a lower financial risk and potentially provide more flexibility in managing its financial obligations. It is important to note that a low or zero debt-to-capital ratio does not necessarily imply financial strength or weakness on its own but should be evaluated alongside other financial metrics for a more comprehensive assessment of the company's financial health and stability.


Peer comparison

Dec 31, 2023