Group 1 Automotive Inc (GPI)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Debt-to-equity 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 |
| Financial leverage ratio | 3.30 | 3.35 | 3.09 | 3.07 | 2.91 | 0.68 | 2.95 | 2.94 | 3.00 | 2.82 | 3.04 | 3.10 | 3.15 | 2.48 | 2.77 | 3.21 | 3.51 | 3.67 | 4.00 | 4.63 |
Group 1 Automotive Inc has shown a consistent and strong solvency position based on its solvency ratios.
The Debt-to-assets ratio has remained at 0.00 for all periods reported, indicating that the company has no debt in relation to its total assets, which suggests a low risk of financial distress.
Similarly, the Debt-to-capital ratio has also consistently been at 0.00, indicating that the company's total debt is negligible in relation to its total capital. This suggests that the company is not highly leveraged and has a strong financial position.
The Debt-to-equity ratio has also been consistently reported at 0.00, indicating that the company's total debt is non-existent in relation to its equity. This implies that the company relies more on equity financing rather than debt financing, which is generally viewed positively by investors and creditors.
The Financial leverage ratio has shown a decreasing trend over the years, starting from 4.63 in March 2020 and reducing to 3.30 by December 31, 2024. This decrease indicates that the company is becoming less reliant on debt to finance its operations, which can be seen as a positive sign in terms of financial stability and risk management.
Overall, Group 1 Automotive Inc's solvency ratios reflect a strong financial position with low leverage and minimal debt, which may indicate a lower risk of default and a higher ability to handle financial obligations.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 3.67 | 4.03 | 4.73 | 5.32 | 5.82 | 6.87 | 7.76 | 8.95 | 10.16 | 10.97 | 11.63 | 11.64 | 10.36 | 9.56 | 8.43 | 6.43 | 5.01 | 4.11 | 2.90 | 2.69 |
Group 1 Automotive Inc's interest coverage ratio has shown a positive trend over the past few years, indicating the company's ability to meet its interest obligations from its operating earnings. As of December 31, 2024, the interest coverage ratio stands at 3.67, suggesting that the company's operating income is 3.67 times its interest expense. This indicates a reasonable level of financial health and implies that Group 1 Automotive Inc is comfortably able to cover its interest payments. It is worth noting that the interest coverage ratio has been gradually declining since March 31, 2024, which could potentially suggest a slight decrease in the company's ability to cover its interest expenses from its earnings. However, the current ratio is still at a reasonable level, providing a buffer against potential fluctuations in operating performance.