LKQ Corporation (LKQ)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 15,079,000 | 15,168,000 | 14,155,000 | 12,508,000 | 12,038,000 | 11,666,000 | 12,134,000 | 12,778,000 | 12,606,000 | 12,460,900 | 12,438,100 | 12,665,500 | 12,360,500 | 12,161,200 | 12,035,300 | 12,354,100 | 12,780,000 | 12,411,700 | 12,704,200 | 12,665,900 |
| 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 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $15,079,000K
= 0.00
The debt-to-assets ratio of LKQ Corp has been relatively stable over the past eight quarters, ranging from 0.19 to 0.29. This ratio indicates the proportion of the company's assets that are financed through debt.
In Q1 2023 and Q2 2023, the ratio increased slightly, reaching 0.28 and 0.29 respectively. This may indicate that the company has taken on more debt relative to its assets during these periods. However, in Q4 2023, the ratio decreased to 0.28, suggesting a slight improvement in the company's debt management.
Overall, LKQ Corp's debt-to-assets ratio has remained within a reasonable range, indicating that the company has a relatively healthy balance between debt and assets. It is important for investors to monitor this ratio to ensure that the company is not becoming overly leveraged.