LKQ Corporation (LKQ)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 6,017,000 | 6,167,000 | 5,453,000 | 5,771,740 | 5,655,720 |
| Debt-to-capital ratio | 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 + $6,017,000K)
= 0.00
The debt-to-capital ratio of LKQ Corporation has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to fund its operations and investments in relation to its capital structure during this period. A debt-to-capital ratio of 0.00 typically suggests that the company relies entirely on equity financing rather than debt financing, which may reflect a conservative financial strategy. It also implies that the company may have a strong financial position with minimal financial leverage, reducing the risk associated with debt obligations.