Group 1 Automotive Inc (GPI)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 9,824,200 | 9,976,500 | 8,850,300 | 8,509,900 | 7,774,100 | 1,775,200 | 7,424,600 | 6,923,200 | 6,717,500 | 6,251,500 | 6,102,800 | 6,039,600 | 5,749,400 | 4,757,600 | 4,855,900 | 5,065,100 | 5,089,400 | 4,983,400 | 4,859,600 | 5,441,100 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
The debt-to-assets ratio of Group 1 Automotive Inc has consistently been 0.00 for each reporting period from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a significant source of financing relative to its total assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are primarily financed through equity and retained earnings, resulting in a lower risk of financial distress due to debt obligations. Consequently, investors and creditors may view the company favorably as it demonstrates a strong financial position with minimal reliance on borrowed funds.
Peer comparison
Dec 31, 2024