Copart Inc (CPRT)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 7,548,560 | 5,987,440 | 4,625,600 | 3,529,200 | 2,489,520 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.11 | 0.16 |
July 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $7,548,560K
= 0.00
From the provided data, we observe that Copart Inc had a debt-to-equity ratio of 0.00 for the years 2024, 2023, and 2022. This indicates that the company had no debt as compared to its equity during these years, suggesting a strong financial position with a lower reliance on debt financing.
In the preceding years, the debt-to-equity ratio was 0.11 in 2021 and 0.16 in 2020. This indicates that there was a slight increase in leverage in these years, with the company having a higher level of debt relative to its equity. However, it is important to note that these ratios are relatively low, indicating a conservative approach to debt management by Copart Inc.
Overall, the trend of decreasing debt-to-equity ratio over the years suggests that Copart Inc has been effectively managing its debt levels and maintaining a stable capital structure. This may imply a lower financial risk for the company and potentially higher investor confidence in its ability to meet its financial obligations.
Peer comparison
Jul 31, 2024