Penske Automotive Group Inc (PAG)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 16,720,900 | 15,671,500 | 14,114,600 | 13,464,600 | 13,247,200 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $16,720,900K
= 0.00
Based on the data provided, Penske Automotive Group Inc has consistently maintained a debt-to-assets ratio of 0.00 across the years from December 31, 2020, to December 31, 2024. This indicates that the company's total debt relative to its total assets is effectively zero, suggesting that it relies more on equity financing rather than debt financing to fund its operations and investments. A debt-to-assets ratio of 0.00 signifies a low financial risk and a strong financial position, as the company's assets are primarily financed by equity rather than borrowing. This can be viewed positively by investors and creditors, as it suggests a conservative approach to capital structure and financial management.
Peer comparison
Dec 31, 2024