Penske Automotive Group Inc (PAG)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $5,209,800K
= 0.00
Penske Automotive Group Inc has consistently maintained a debt-to-equity ratio of 0.00 across multiple reporting periods from March 31, 2020, to December 31, 2024. This indicates that the company has not used debt financing to fund its operations and growth, relying instead on equity to finance its activities. A debt-to-equity ratio of 0.00 typically suggests a conservative financial structure with a lower level of financial risk, as there is no financial leverage in the company's capital structure. It signifies that the company's creditors have less influence on its operations and that it may have a stronger ability to weather economic downturns or financial challenges without defaulting on its debt obligations. Overall, Penske Automotive Group Inc's consistent 0.00 debt-to-equity ratio reflects a prudent financial management strategy focused on maintaining a strong balance sheet position and financial stability.
Peer comparison
Dec 31, 2024