O’Reilly Automotive Inc (ORLY)

Debt-to-assets 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 assets	US$ in thousands	14,893,700	14,577,500	14,393,200	14,213,100	14,603,800	13,551,800	13,276,600	12,972,800	12,628,000	12,238,000	12,067,700	11,760,400	11,718,700	11,789,400	11,949,300	11,850,900	11,596,600	12,504,000	11,728,500	11,108,900
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, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $14,893,700K
= 0.00

O’Reilly Automotive Inc has consistently maintained a debt-to-assets ratio of 0.00 over the past years, as illustrated by the data provided. A debt-to-assets ratio of 0.00 indicates that the company has zero debt in relation to its total assets. This signifies that the company is primarily financing its operations and investments through equity rather than debt.

A debt-to-assets ratio of 0.00 is generally considered favorable as it suggests that the company is not relying on debt to fund its operations, which can reduce financial risk and enhance financial stability. However, it is important to note that a very low debt-to-assets ratio could also mean that the company may not be leveraging debt effectively to maximize returns on investments.

Overall, O’Reilly Automotive Inc’s consistent debt-to-assets ratio of 0.00 reflects a conservative approach to capital structure, where the company's assets are predominantly financed through equity, minimizing the financial risks associated with debt.