LKQ Corporation (LKQ)
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 | 14,955,000 | 15,079,000 | 12,038,000 | 12,606,200 | 12,360,500 |
| 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 ÷ $14,955,000K
= 0.00
The debt-to-assets ratio for LKQ Corporation has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt to finance its assets during this period. A debt-to-assets ratio of 0.00 typically suggests a low financial risk as it implies that the company's assets are fully financed by equity rather than debt. LKQ Corporation's stable and low debt-to-assets ratio may signify a strong financial position and effective management of its capital structure, potentially positioning the company well to weather economic uncertainties and pursue growth opportunities without taking on significant debt obligations.