LKQ Corporation (LKQ)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 6,167,000 | 5,958,000 | 5,953,000 | 5,691,000 | 5,453,000 | 5,262,000 | 5,590,000 | 5,784,000 | 5,772,000 | 5,901,810 | 5,877,920 | 5,842,630 | 5,655,720 | 5,388,190 | 5,118,510 | 4,957,840 | 5,008,880 | 4,817,770 | 4,840,490 | 4,799,480 |
| 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, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $6,167,000K
= 0.00
The debt-to-equity ratio of LKQ Corp has exhibited some fluctuations over the past eight quarters. In Q4 2023, the ratio stood at 0.69, slightly lower than the ratio in the previous quarter, Q3 2023, which was 0.73. Looking further back, in Q2 2023, the ratio was 0.67, showing a decline from Q1 2023 when it was 0.48.
Comparing the most recent data to the same period a year ago, there has been an increase in the debt-to-equity ratio. In Q4 2022, the ratio was 0.49, lower than its current level. However, the trend over the past year has shown a general increase from the lowest point in Q2 2022 at 0.42 to the current level of 0.69 in Q4 2023.
These fluctuations suggest that LKQ Corp has been utilizing different levels of debt and equity financing over the periods examined. It is important to further investigate the reasons behind these changes to assess the company's financial health and risk profile.