CarGurus (CARG)
Debt-to-equity 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-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, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $616,852K
= 0.00
The debt-to-equity ratio of CarGurus Inc has been consistently reported as 0.00 across all quarters from Q1 2022 to Q4 2023. This indicates that the company has not utilized any debt to finance its operations during this period and instead relies solely on equity to fund its activities. A debt-to-equity ratio of 0.00 suggests a conservative capital structure with minimal financial leverage, which may indicate a lower level of financial risk for the company. It is important to note that while a low debt-to-equity ratio can be viewed positively in terms of financial stability, it may also imply potential missed opportunities for leveraging debt to support growth or capital investments. CarGurus Inc's consistent 0.00 debt-to-equity ratio reflects a cautious approach to managing its financial obligations and a preference for financing through equity.
Peer comparison
Dec 31, 2023