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. LKQ's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.05.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, LKQ couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.
The historical rank and industry rank for LKQ's Cash-to-Debt or its related term are showing as below:
LKQ'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.07 Max: 0.1
Current: 0.05
During the past 13 years, LKQ's highest Cash to Debt Ratio was 0.10. The lowest was 0.05. And the median was 0.07.
LKQ Cash-to-Debt Historical Data
The historical data trend for LKQ'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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LKQ Annual Data
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Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Cash-to-Debt |
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0.10 |
0.07 |
0.07 |
0.07 |
0.05 |
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LKQ Quarterly Data
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Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Cash-to-Debt |
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0.07 |
0.09 |
0.36 |
0.07 |
0.05 |
Competitive Comparison
For the Auto Parts subindustry, LKQ'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.
LKQ Cash-to-Debt Distribution
For the Vehicles & Parts industry and Consumer Cyclical sector, LKQ's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where LKQ's Cash-to-Debt falls into.
LKQ 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.
LKQ's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
LKQ's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:
* 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.
LKQ (LKQ) Business Description
Traded in Other Exchanges
Address
500 West Madison Street, Suite 2800, Chicago, IL, USA, 60661
LKQ is a Global distributor of non-OEM automotive parts. Initially formed in 1998 as a consolidator of auto salvage operations in the United States, it has since greatly expanded its scope to include distribution of new mechanical and collision parts, specialty auto equipment, and remanufactured and recycled parts in both Europe and North America. It still maintains its auto salvage business and owns over 70 LKQ pick-your-part junkyards. Separate from the self-service business, LKQ purchases over 300,000 salvage automobiles annually that are used to extract parts for resale. Globally, the company maintains approximately 1,700 facilities.
Executives
| Blythe J Mcgarvie |
director |
HANNAFORD BROS CO, 145 PLEASANT HILL RD, SCARBOROUGH ME 04074 |
| Varun Laroyia |
officer: Executive VP and CFO |
500 WEST MADISON STREET, SUITE 2800, CHICAGO IL 60661 |
| Dominick P Zarcone |
director, officer: President and CEO |
C/O LKQ CORPORATION, 500 W. MADISON STREET, SUITE 2800, CHICAGO IL 60661 |
| Meg Divitto |
director |
500 WEST MADISON STREET, SUITE 2800, CHICAGO IL 60661 |
| Xavier Urbain |
director |
500 W. MADISON STREET, SUITE 2800, CHICAGO IL 60661 |
| Patrick Berard |
director |
500 W. MADISON STREET, SUITE 2800, CHICAGO IL 60661 |
| Robert M. Hanser |
director |
500 W. MADISON STREET, SUITE 2800, CHICAGO IL 60661 |
| John W Mendel |
director |
C/O TRUECAR, INC., 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401 |
| Valueact Capital Master Fund, L.p. |
director, other: See Remarks |
ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129 |
| Rick Galloway |
officer: SVP and CFO |
500 WEST MADISON STREET, SUITE 2800, CHICAGO IL 60661 |
| Joseph M Holsten |
director, officer: President and CEO |
|
| Genevieve L Dombrowski |
officer: SVP -- Human Resources |
500 WEST MADISON STREET, SUITE 2800, CHICAGO IL 60661 |
| Valueact Holdings, L.p. |
director, other: See Remarks |
ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129 |
| Valueact Capital Management, L.p. |
director, other: See Remarks |
ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129 |
| Valueact Capital Management, Llc |
director, other: See Remarks |
ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129 |
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