Group 1 Automotive Inc (GPI)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 9,824,200 | 7,774,100 | 6,717,500 | 5,749,400 | 5,089,400 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,824,200K
= 0.00
Based on the data provided, Group 1 Automotive Inc has maintained a consistent debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt relative to its total assets during this period. This could suggest that Group 1 Automotive Inc primarily finances its operations through equity rather than debt financing, which may signify a lower financial risk and higher financial stability. It also implies that the company has a strong financial position and is less exposed to financial distress associated with high debt levels. However, it's important to note that a zero debt-to-assets ratio may also limit the company's ability to benefit from tax shields associated with debt financing and could potentially indicate underutilization of leverage for growth or expansion opportunities.
Peer comparison
Dec 31, 2024