Penske Automotive Group Inc (PAG)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $5,209,800K
= 0.00
Based on the provided data, Penske Automotive Group Inc has consistently maintained a debt-to-equity ratio of 0.00 over the years December 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt in relation to its equity, suggesting a strong financial position with a low risk of financial distress. This could potentially signify that Penske Automotive Group Inc relies more on equity financing rather than debt financing for its operations and investments. Overall, a consistent debt-to-equity ratio of 0.00 demonstrates financial stability and conservative financial management by Penske Automotive Group Inc.
Peer comparison
Dec 31, 2024