Copart Inc (CPRT)
Debt-to-assets ratio
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 11,006 | 22,368 | 1,946 | 1,969 | 1,996 | 402,733 | 403,829 | 408,940 | 397,636 | 397,633 | — | — | 396,900 | — | — | — |
| Total assets | US$ in thousands | 8,427,760 | 8,010,630 | 7,598,520 | 7,333,790 | 6,737,880 | 6,349,800 | 5,932,410 | 5,593,680 | 5,308,860 | 5,443,870 | 5,136,960 | 4,918,850 | 4,562,140 | 4,281,950 | 3,934,440 | 3,741,190 | 3,455,260 | 3,161,580 | 3,048,600 | 2,855,940 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.08 | 0.08 | 0.09 | 0.09 | 0.00 | 0.00 | 0.11 | 0.00 | 0.00 | 0.00 |
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 few quarters, with values ranging from 0.00 to 0.11. This indicates that the company relies less on debt financing to fund its operations and investments, compared to the proportion of assets it owns outright. The negligible debt levels suggest a strong financial position and potentially lower financial risk. It is worth noting that there was a slight increase in the ratio in the recent quarters, reaching 0.11 in October 2020. However, this increase was relatively small and the ratio remains at a modest level overall.
Peer comparison
Jul 31, 2024