Group 1 Automotive Inc (GPI)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,974,300 | 2,674,400 | 2,237,500 | 1,825,400 | 1,449,700 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,974,300K
= 0.00
Based on the data provided, Group 1 Automotive Inc has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt on its balance sheet relative to its equity. This may suggest that the company is financing its operations primarily through equity, which could be viewed positively by investors and creditors as it signifies a lower risk of financial distress due to the absence of debt obligations. However, it is also important to consider that a low debt-to-equity ratio may limit the company's ability to leverage additional funds for potential growth opportunities.
Peer comparison
Dec 31, 2024