Copart Inc (CPRT)

Debt-to-equity ratio

		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	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 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	7,548,560	7,196,190	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
Debt-to-equity ratio		0.00	0.00	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

July 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $7,548,560K
= 0.00

The debt-to-equity ratio of Copart Inc has been relatively stable at very low levels (0.00) in recent quarters, indicating that the company has been relying more on equity financing rather than debt to fund its operations and growth. However, it is worth noting that there was a slight increase in the debt-to-equity ratio in the most recent quarter (0.10), which may suggest a small increase in the company's debt levels compared to the previous quarters. Overall, the company's strong equity position relative to its debt indicates a healthy capital structure and financial stability, with a conservative approach to financing its activities.