Group 1 Automotive Inc (GPI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,974,100 | 2,976,200 | 2,866,300 | 2,772,400 | 2,674,400 | 2,611,400 | 2,518,900 | 2,352,500 | 2,237,600 | 2,214,100 | 2,004,500 | 1,949,300 | 1,825,400 | 1,918,600 | 1,754,000 | 1,576,700 | 1,449,700 | 1,357,000 | 1,216,000 | 1,174,700 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,974,100K)
= 0.00
Group 1 Automotive Inc has consistently maintained a debt-to-capital ratio of 0.00% across all reported periods from March 31, 2020, to December 31, 2024. This indicates that the company has not used debt as a major source of financing and has relied more on equity capital to fund its operations and growth. A debt-to-capital ratio of 0.00% signifies that the company's capital structure is debt-free or that any debt obligations are negligible compared to its total capital. This could imply a lower financial risk for the company as it is not highly leveraged with debt. However, it's also important to consider that a very low debt-to-capital ratio may limit the company's financial flexibility and potential tax advantages associated with debt financing.
Peer comparison
Dec 31, 2024