KAR Auction Services Inc (KAR)
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 | 1,996,400 | 1,327,100 | 1,940,700 | 1,942,700 | 1,939,500 | 1,918,100 | 1,946,900 | 2,138,400 | 2,130,800 | 2,146,900 | 612,500 | 2,117,500 | 2,103,900 | 2,063,100 | 2,071,300 | 2,147,300 | 2,165,600 | 2,147,000 | 2,082,700 | 1,571,800 |
| 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 + $1,996,400K)
= 0.00
The debt-to-capital ratio of KAR Auction Services Inc has consistently remained at 0.00 throughout the period from March 31, 2020, to December 31, 2024. This indicates that the company has not relied on debt financing to fund its operations and investments significantly. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is primarily equity-funded, which can be favorable as it implies lower financial risk and less reliance on borrowed funds. However, it is essential to consider other financial ratios and factors in conjunction with the debt-to-capital ratio to gain a more comprehensive understanding of the company's financial health and performance.
Peer comparison
Dec 31, 2024