Copart Inc (CPRT)

Debt-to-equity ratio

		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	Jul 31, 2019	Apr 30, 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 stockholders’ equity	US$ in thousands	6,812,710	6,436,640	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	2,489,520	2,281,010	2,124,730	1,926,600	1,778,380	1,618,850
Debt-to-equity ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.09	0.10	0.11	0.11	0.12	0.00	0.00	0.16	0.00	0.00	0.00	0.00	0.00

January 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $6,812,710K
= 0.00

The debt-to-equity ratio of Copart, Inc. has been relatively stable over the past eight quarters, with ratios consistently around 0.02 except for Q3 2022 and Q4 2022 where it decreased to 0.00. This indicates that the company has maintained a low level of debt compared to its equity during this period. However, there was a notable increase in the ratio to 0.12 in Q3 2022, suggesting a higher reliance on debt to finance its operations during that period. Overall, the consistent low debt-to-equity ratio implies that Copart, Inc. has been relatively conservative in its capital structure by prioritizing equity financing over debt, which can be viewed positively by investors and creditors.