LKQ Corporation (LKQ)
Debt-to-equity 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-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, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $6,017,000K
= 0.00
The Debt-to-equity ratio for LKQ Corporation has consistently been 0.00 for all the quarters from March 31, 2020, to December 31, 2024. This indicates that the company has not had any debt in relation to its equity during this period. A debt-to-equity ratio of 0.00 signifies that the company has not borrowed funds to finance its operations, and its capital structure is primarily equity-based. This may imply that the company has been using its internal resources or equity financing to support its activities rather than relying on debt. Investors and stakeholders often view a low debt-to-equity ratio favorably as it suggests a lower financial risk and a strong financial position. It also indicates that the company may have more financial flexibility and lower interest expenses.