Cars.com Inc (CARS)

Debt-to-assets ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands — — — — —
Total assets US$ in thousands 1,111,860 1,172,450 1,024,870 1,007,200 1,075,710
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,111,860K
= 0.00

The debt-to-assets ratio of Cars.com Inc has been consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt financing to acquire assets during this period. A debt-to-assets ratio of 0.00 suggests that the company relies more on equity financing to fund its operations and investments, which may indicate a lower financial risk and less financial leverage. It also implies that the company may have a strong financial position with a lower level of debt relative to its total assets.