Copart Inc (CPRT)
Debt-to-equity ratio
| Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 11,006 | 1,996 | 397,636 | 396,900 | — |
| Total stockholders’ equity | US$ in thousands | 5,987,440 | 4,625,600 | 3,529,200 | 2,489,520 | 1,778,380 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.11 | 0.16 | 0.00 |
July 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $11,006K ÷ $5,987,440K
= 0.00
The debt-to-equity ratio for Copart, Inc. has remained relatively stable over the past five years, standing at 0.00 in both 2023 and 2022. This suggests that the company has no long-term debt on its balance sheet in these recent years. In 2021, the ratio was 0.11, indicating that the company had a moderate level of debt compared to its equity. However, in 2020 and 2019, the ratio increased to 0.16 and 0.23, respectively, suggesting a higher reliance on debt financing during those years. Overall, the fluctuation in the debt-to-equity ratio may reflect changes in the company's capital structure and its financing strategy over the years.
Peer comparison
Jul 31, 2023