O’Reilly Automotive Inc (ORLY)

Debt-to-equity ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	5,570,120	4,371,650	3,826,980	4,123,220	3,890,530
Total stockholders’ equity	US$ in thousands	-1,739,280	-1,060,750	-66,423	140,258	397,340
Debt-to-equity ratio		—	—	—	29.40	9.79

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $5,570,120K ÷ $-1,739,280K
= —

The debt-to-equity ratio for O`Reilly Automotive, Inc. was not available for the years 2023, 2022, and 2021. However, in 2020, the company had a debt-to-equity ratio of 29.40, which increased significantly from 9.79 in 2019. This rise indicates a higher proportion of debt relative to equity in 2020 compared to the prior year. The higher ratio suggests that the company relied more heavily on debt financing in 2020, which could imply increased financial leverage and potentially higher financial risk. Further analysis and context would be necessary to fully understand the implications of this change in the debt-to-equity ratio for O`Reilly Automotive, Inc.