Penske Automotive Group Inc (PAG)

Debt-to-capital ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 5,209,800 4,726,200 4,174,800 4,095,000 3,326,100
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $5,209,800K)
= 0.00

The debt-to-capital ratio for Penske Automotive Group Inc has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has been using a minimal amount of debt relative to its total capital structure during this period. A debt-to-capital ratio of 0.00 typically suggests that the company is relying more on equity financing rather than debt financing to fund its operations and investments. This may reflect a conservative financial strategy or a strong ability to generate sufficient internal funds to support its activities without the need for significant borrowing. It also implies a lower level of financial risk since there is no debt in the capital structure to be serviced. Overall, the consistent 0.00 debt-to-capital ratio reflects a stable and potentially strong financial position for Penske Automotive Group Inc during the observed period.