KAR Auction Services Inc (KAR)
Debt-to-equity 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-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 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,996,400K
= 0.00
The debt-to-equity ratio for KAR Auction Services Inc has been consistently at 0.00 for the past several quarters, indicating that the company has either very little or no debt relative to its equity. This implies that the company may be relying more on equity financing rather than debt to fund its operations and investments. A low debt-to-equity ratio can be seen as a positive sign, as it suggests lower financial risk and greater financial stability for the company. Investors and creditors generally view a lower debt-to-equity ratio favorably, as it indicates a lower level of leverage and potential financial distress.
Peer comparison
Dec 31, 2024