CarGurus (CARG)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| 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 |
| Financial leverage ratio | 1.49 | 1.46 | 1.48 | 1.51 | 1.26 | 1.70 | 2.19 | 2.03 | 1.80 | 1.39 | 1.43 | 1.41 | 1.34 | 1.36 | 1.38 | 1.46 | 1.53 | 1.56 | 1.56 | 1.57 |
CarGurus Inc's solvency ratios paint a picture of a company with a strong financial position and low debt levels. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have consistently remained at 0.00 across all the quarters, indicating that the company operates with little to no debt in relation to its assets, capital, and equity.
The financial leverage ratio, which measures the extent of a company's financial leverage, has fluctuated over the quarters but generally remains moderate. A financial leverage ratio above 1 suggests that the company relies more on debt financing, while a ratio below 1 indicates a higher reliance on equity financing. CarGurus Inc's financial leverage ratio has ranged from 1.26 to 2.19 over the analyzed periods, signifying a moderate level of leverage but not excessive reliance on debt to finance its operations.
Overall, these solvency ratios indicate that CarGurus Inc has a strong solvency position, with minimal debt and a balanced mix of debt and equity financing, providing a stable foundation for its financial health and future growth.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 63.35 | 163.78 | 1.02 | 0.82 | 0.92 | 1.04 | 4.54 | 152.34 | 5,702.62 | 6,263.86 | 720.90 | 217.40 | 90.94 | 74.01 | 50.13 | 69.23 | — | — | — | — |
I'm sorry, but without specific data for interest expenses and earnings before interest and taxes (EBIT) for CarGurus Inc for each quarter, I am unable to calculate the interest coverage ratio. Interest coverage ratio is typically calculated by dividing EBIT by the interest expenses.
To provide a detailed and comprehensive analysis of CarGurus Inc's interest coverage, I would need the actual financial figures for interest expenses and EBIT for the specified quarters. Feel free to provide me with that data, and I will be able to calculate the interest coverage ratio and provide you with a thorough analysis.