CarGurus (CARG)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $541,689K
= 0.00
CarGurus has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt financing to support its operations during this period. A debt-to-equity ratio of 0.00 implies that CarGurus is primarily funded through equity capital, which may suggest a lower financial risk and a strong financial position. It also indicates that the company's reliance on debt for growth or liquidity needs has been minimal. This stable and low debt-to-equity ratio reflects a conservative capital structure strategy, which could be perceived positively by investors and creditors due to the lower financial leverage and potential financial stability.
Peer comparison
Dec 31, 2024