Copart Inc (CPRT)
Debt-to-assets ratio
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 11,006 | 1,996 | 397,636 | 396,900 |
| Total assets | US$ in thousands | 8,427,760 | 6,737,880 | 5,308,860 | 4,562,140 | 3,455,260 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.09 | 0.11 |
July 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $8,427,760K
= 0.00
The debt-to-assets ratio of Copart Inc has been consistently low over the past five years, with values of 0.00 for the fiscal years ending in July 31st of 2020, 2021, 2022, and 2023. This indicates that the company has not relied heavily on debt to finance its operations during this period. However, there was a slight increase in the ratio to 0.09 in July 31, 2021, and 0.11 in July 31, 2020, suggesting a small proportion of debt relative to assets in those years. Overall, the trend in the debt-to-assets ratio points towards a conservative financial strategy with limited reliance on borrowing to fund its operations and investments.
Peer comparison
Jul 31, 2024