CarGurus (CARG)
Debt-to-equity 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-equity 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-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 across all reported periods from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a source of financing relative to its equity during this time frame. Having a debt-to-equity ratio of 0.00 implies that CarGurus is not relying on borrowed funds to finance its operations or growth, which could signify a lower financial risk and potentially greater stability in the company's capital structure. It suggests that the company may be funding its operations primarily through equity, retained earnings, or other non-debt financing sources.
Peer comparison
Dec 31, 2024