LKQ Corporation (LKQ)
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 | 6,017,000 | 6,234,000 | 6,129,000 | 6,159,000 | 6,167,000 | 5,958,000 | 5,953,000 | 5,691,000 | 5,453,000 | 5,262,000 | 5,590,000 | 5,784,000 | 5,771,740 | 5,901,810 | 5,877,920 | 5,842,630 | 5,655,720 | 5,388,190 | 5,118,510 | 4,957,840 |
| 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 + $6,017,000K)
= 0.00
The debt-to-capital ratio of LKQ Corporation has consistently been 0.00% across all reported periods, from March 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00% indicates that the company has no debt in its capital structure, as the ratio is calculated by dividing total debt by total capital (debt plus equity).
This consistent low or zero debt-to-capital ratio suggests that LKQ Corporation has been operating with a capital structure predominantly composed of equity rather than debt. A low debt level implies lower financial risk and less reliance on external financing. It may also indicate that the company has sufficient internal resources or cash flows to fund its operations and growth initiatives without taking on significant debt.
Overall, maintaining a low debt-to-capital ratio can be seen as a positive indicator of financial stability and prudent financial management for LKQ Corporation.