Copart Inc (CPRT)

Debt-to-capital ratio

Jul 31, 2025 Apr 30, 2025 Jan 31, 2025 Oct 31, 2024 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
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 9,187,030 8,781,190 8,301,260 7,896,310 7,524,010 7,171,250 6,787,600 6,411,420 5,987,440 5,592,420 5,213,650 4,852,830 4,625,600 4,353,050 4,089,860 3,793,820 3,529,200 3,249,380 2,942,590 2,710,830
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

July 31, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $9,187,030K)
= 0.00

The analysis of Copart Inc's debt-to-capital ratio over the reported periods indicates a consistent value of zero. This persistent zero ratio implies that the company has not utilized debt financing in its capital structure during the observed timeframe. Instead, Copart appears to rely entirely on equity or other non-debt sources to fund its operations and growth initiatives. The absence of debt in the capital mix suggests a conservative financial policy with minimal leverage, potentially reducing financial risk and interest obligations. Overall, the company's capital structure is characterized by a lack of indebtedness, maintaining a debt-to-capital ratio at zero consistently across multiple reporting dates.