AutoNation (STU:RWI) Debt-to-Equity : 3.34 (As of Mar. 2024)

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What is AutoNation Debt-to-Equity?

AutoNation's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €3,707 Mil. AutoNation's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €3,536 Mil. AutoNation's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €2,171 Mil. AutoNation's debt to equity for the quarter that ended in Mar. 2024 was 3.34.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for AutoNation's Debt-to-Equity or its related term are showing as below:

STU:RWI' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.35 Med: 2.42 Max: 3.63
Current: 3.34

During the past 13 years, the highest Debt-to-Equity Ratio of AutoNation was 3.63. The lowest was 1.35. And the median was 2.42.

STU:RWI's Debt-to-Equity is ranked worse than
96.5% of 1172 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs STU:RWI: 3.34

AutoNation Debt-to-Equity Historical Data

The historical data trend for AutoNation's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

AutoNation Debt-to-Equity Chart

AutoNation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.91

1.60

2.08

3.12

3.63

AutoNation Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															3.29	3.46	3.43	3.63	3.34

Competitive Comparison of AutoNation's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, AutoNation's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

AutoNation's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, AutoNation's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where AutoNation's Debt-to-Equity falls into.

AutoNation Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AutoNation's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3937.231	+	3430.222)	/	2027.854
	=	3.63

AutoNation's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3707.14	+	3536.388)	/	2171.016
	=	3.34

AutoNation (STU:RWI) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

AutoNation Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of AutoNation's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

AutoNation (STU:RWI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » AutoNation Inc (STU:RWI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AN:USA RWI:Germany

Address

200 SW 1st Avenue, Fort Lauderdale, FL, USA, 33301

Website

https://www.autonation.com

AutoNation is the second largest automotive dealer in the United States, with 2022 revenue of $27 billion and over 250 dealerships, plus 53 collision centers. The firm also has 16 AutoNation USA used-vehicle stores, a captive lender, four auction sites, and three parts distributors all across 20 states primarily in Sunbelt metropolitan areas. New-vehicle sales account for nearly half of revenue; the company also sells used vehicles, parts, and repair services as well as auto financing. The company (formerly Republic Industries) spun off its waste management unit (Republic Services) in 1999 and its car rental businesses (ANC Rental) in 2000. Wayne Huizenga founded the company in the 1990s to bring the rollup acquisition strategy to auto retailing, which has proved to be a smart move.

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