O’Reilly Automotive Inc (ORLY)

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	5,570,120	5,102,350	4,873,700	4,927,680	4,371,650	4,370,770	4,669,830	3,827,890	3,826,980	3,826,070	3,825,180	3,824,290	4,123,220	4,122,420	4,127,400	4,471,250	3,890,530	3,703,630	3,783,740	3,460,920
Total stockholders’ equity	US$ in thousands	-1,739,280	-1,760,470	-1,627,470	-1,625,020	-1,060,750	-1,205,460	-1,107,430	-328,273	-66,423	-140,853	217,694	-6,977	140,258	709,225	589,100	108,844	397,340	166,219	144,682	372,365
Debt-to-equity ratio		—	—	—	—	—	—	—	—	—	—	17.57	—	29.40	5.81	7.01	41.08	9.79	22.28	26.15	9.29

December 31, 2023 calculation

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

As the debt-to-equity ratios for O`Reilly Automotive, Inc. have not been provided in the table for the specified quarters, a detailed analysis of this ratio cannot be performed at this time. It is essential to have the debt-to-equity ratio figures to evaluate the company's capital structure and financial leverage. The debt-to-equity ratio indicates the proportion of a company's financing that comes from debt compared to equity. A lower ratio suggests lower financial risk and more conservative financing, while a higher ratio may indicate higher leverage and potential financial risk. Further insights into O`Reilly Automotive, Inc.'s financial health and risk profile would require additional data on its debt and equity levels over the specified periods.