Copart Inc (CPRT)
Debt-to-equity ratio
| Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 9,187,030 | 7,524,010 | 5,987,440 | 4,625,600 | 3,529,200 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
July 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $9,187,030K
= 0.00
The debt-to-equity ratio for Copart Inc over the analyzed period consistently remains at zero, with data points recorded on July 31 of each year from 2021 through 2025 indicating a value of 0.00. This stability suggests that the company has maintained a debt-free capital structure during this timeframe, relying primarily on equity financing and not utilizing significant debt instruments. The persistent absence of debt implies a conservative financial strategy, potentially resulting in lower financial risk and interest obligations. It may also reflect a strong internal cash flow position or a strategic choice to avoid leveraging debt. Overall, the data indicates that Copart Inc has operated without notable debt, maintaining an entirely equity-funded structure across the observed years.