KAR (Openlane) Debt-to-Asset : 0.06 (As of Dec. 2024)

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What is Openlane Debt-to-Asset?

Openlane's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $223 Mil. Openlane's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $60 Mil. Openlane's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was $4,622 Mil. Openlane's debt to asset for the quarter that ended in Dec. 2024 was 0.06.

Openlane Debt-to-Asset Historical Data

The historical data trend for Openlane's Debt-to-Asset 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.

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Openlane Debt-to-Asset Chart

Openlane Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Asset

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0.33

0.26

0.11

0.09

0.06

Openlane Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Asset	Get a 7-Day Free Trial															0.09	0.08	0.07	0.07	0.06

Competitive Comparison of Openlane's Debt-to-Asset

For the Auto & Truck Dealerships subindustry, Openlane's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Openlane's Debt-to-Asset Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Openlane's Debt-to-Asset falls into.

Openlane Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Openlane's Debt-to-Asset for the fiscal year that ended in Dec. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(222.5	+	60.4)	/	4622.3
	=	0.06

Openlane's Debt-to-Asset for the quarter that ended in Dec. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(222.5	+	60.4)	/	4622.3
	=	0.06

Openlane (NYSE:KAR) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Openlane Debt-to-Asset Related Terms

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

Openlane Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Openlane Inc (NYSE:KAR) » Definitions » Debt-to-Asset

Comparable Companies

SAH MCW DRVN ACVA CWH CARG CARS UXIN SDA CANG CVNA KMX PAG TPE:2207 LAD XBRU:DIE AN GPI ABG VVV

Traded in Other Exchanges

XKR:Germany

Address

11299 North Illinois Street, Suite 500, Carmel, IN, USA, 46032

Website

https://corporate.openlane.com

Openlane Inc provides a digital marketplace for used vehicles, connecting sellers and buyers in North America and Europe for fast and transparent transactions. Its services include financing, repossessions, repairs, transportation, warranty, and inventory management. The company operates used-vehicle auctions and has two main segments: Marketplace and Finance, with majority revenue coming from the Marketplace segment, which to used vehicle remarketing, including marketplace services, remarketing, or make ready services and all are interrelated, synergistic elements along the auto remarketing chain. The Finance segment, through AFC engaged in business of providing short-term, inventory-secured financing to independent vehicle dealers.

Executives

Brad S. Lakhia	officer: EVP & CFO	19100 RIDGEWOOD PARKWAY, SAN ANTONIO TX 78259
James P Coyle	officer: EVP, Chief Digital Officer	11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Money James E. Ii	officer: AFC President	13085 HAMILTON CROSSING BLVD., CARMEL IN 46032
Kelly Peter	officer: Pres. & CEO, OPENLANE	C/O KAR AUCTION SERVICES, INC., 11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Michael T. Kestner	director	13085 HAMILTON CROSSING BLVD., CARMEL IN 46032
J Mark Howell	director	C/O ANGIE'S LIST, INC., 1030 EAST WASHINGTON STREET, INDIANAPOLIS IN 46202
James P Hallett	officer: CEO
Srisu Subrahmanyam	officer: Pres KAR Svcs Group, EVP Ops	11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Justin T. Davis	officer: President of BacklotCars	11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Scott A Anderson	officer: Chief Accounting Officer	11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Mary Ellen Smith	director	11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Ignition Acquisition Holdings Gp Llc	10 percent owner	C/O APAX PARTNERS L.P., 601 LEXINGTON AVENUE, NEW YORK NY 10022
Ignition Acquisition Holdings Lp	10 percent owner	C/O APAX PARTNERS L.P., 601 LEXINGTON AVENUE, NEW YORK NY 10017
Ignition Gp Llc	10 percent owner	C/O APAX PARTNERS L.P., 601 LEXINGTON AVENUE, NEW YORK NY 10022
Ignition Parent Lp	10 percent owner	C/O APAX PARTNERS L.P., 601 LEXINGTON AVENUE, NEW YORK NY 10022