Copart (FRA:CO6) Cash-to-Debt : 23.09 (As of Jan. 2024)

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What is Copart Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Copart's cash to debt ratio for the quarter that ended in Jan. 2024 was 23.09.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Copart could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

FRA:CO6' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 0.71 Max: 23.09
Current: 23.09

During the past 13 years, Copart's highest Cash to Debt Ratio was 23.09. The lowest was 0.18. And the median was 0.71.

FRA:CO6's Cash-to-Debt is ranked better than
84.72% of 1067 companies
in the Business Services industry
Industry Median: 0.99 vs FRA:CO6: 23.09

Copart Cash-to-Debt Historical Data

The historical data trend for Copart's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Copart Cash-to-Debt Chart

Copart Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

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0.46

0.92

2.02

11.59

19.63

Copart Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															15.09	16.35	19.63	19.80	23.09

Competitive Comparison of Copart's Cash-to-Debt

For the Specialty Business Services subindustry, Copart's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Copart's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Copart's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Copart's Cash-to-Debt falls into.

Copart Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Copart's Cash to Debt Ratio for the fiscal year that ended in Jul. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	2137.042	/	(19.407	+	89.482)
	=	19.63

Copart's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	2449.288	/	(19.483	+	86.594)
	=	23.09

Copart (FRA:CO6) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Copart Cash-to-Debt Related Terms

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Copart (FRA:CO6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Copart Inc (FRA:CO6) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CPRT:USA CPRT:Mexico C1PR34:Brazil

Address

14185 Dallas Parkway, Suite 300, Dallas, TX, USA, 75254

Website

https://www.copart.com

Based in Dallas, Copart operates an online salvage vehicle auction with operations in 11 countries across North America, Europe, and the Middle East, facilitating over 3.5 million transactions annually. The company utilizes its virtual bidding platform, VB3, to connect vehicle sellers with over 750,000 registered buyers around the world. Buyers primarily consist of vehicle dismantlers, rebuilders, individuals and used vehicle retailers. About 80% of Copart's vehicle volume is supplied by auto insurance companies holding vehicles deemed a total loss. Copart also offers services such as vehicle transportation, storage, title transfer, and salvage value estimation. The company primarily operates on a consignment basis and collects fees based on the vehicle's final selling price.

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