KAR Auction Services Inc (KAR)
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 | 4,622,300 | 4,726,300 | 5,119,800 | 7,417,200 | 6,798,200 |
| 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 ÷ $4,622,300K
= 0.00
Based on the data provided, KAR Auction Services Inc has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has zero debt relative to its total assets over the specified period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity or other non-debt sources, implying a low financial risk and a strong financial position. KAR Auction Services Inc's consistent zero debt-to-assets ratio suggests a prudent capital structure with minimal reliance on debt to fund its operations and investments, showcasing financial stability and potentially favorable creditworthiness.
Peer comparison
Dec 31, 2024