Penske Automotive Group Inc (PAG)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 5,209,800 | 5,203,300 | 4,954,600 | 4,815,800 | 4,726,200 | 4,551,100 | 4,409,700 | 4,323,300 | 4,174,800 | 4,088,000 | 4,219,400 | 4,164,400 | 4,095,000 | 3,866,400 | 3,762,700 | 3,484,700 | 3,326,100 | 3,083,500 | 2,777,600 | 2,689,700 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $5,209,800K)
= 0.00
Penske Automotive Group Inc's debt-to-capital ratio has been consistently reported as 0.00% across all quarters from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00% suggests that the company's capital is entirely financed by equity rather than debt. This could imply that Penske Automotive Group Inc has a strong financial position with minimal financial risk associated with debt obligations. Investors and analysts may view a low or zero debt-to-capital ratio positively, as it indicates financial stability and a reduced likelihood of default on debt payments.
Peer comparison
Dec 31, 2024