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CarmaASX:CMA +1.00%4 Debt-to-Equity is 0.31 as of Dec. 2025, which is 35% above its 10-year median of 0.23. GuruFocus rates ASX:CMA with a GF Score™ of 4/100. The stock has 1 warning sign investors should review. Among 1,216 Vehicles & Parts companies, Carma ranks better than 61.6% on this metric.
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 Carma's Debt-to-Equity or its related term are showing as below:
ASX:CMA'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.23 Max: 0.31
Current: 0.31
During the past 3 years, the highest Debt-to-Equity Ratio of Carma was 0.31. The lowest was 0.15. And the median was 0.23.
ASX:CMA's Debt-to-Equity is ranked better than 61.6% of 1216
companies
in the Vehicles & Parts industry
Industry Median: 0.46
vs ASX:CMA: 0.31
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.
Carma Debt-to-Equity Related Terms
Carma Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Carma'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.
Carma Debt-to-Equity Chart
Carma Annual Data
Trend
Jun23
Jun24
Jun25
Debt-to-Equity
N/A
N/A
0.15
Carma Semi-Annual Data
Jun23
Jun24
Jun25
Dec25
Debt-to-Equity
N/A
N/A
0.15
0.31
ASX:CMA vs CVNA, PAG, KMX: Debt-to-Equity Comparison
For the Auto & Truck Dealerships subindustry, Carma'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.
Carma Debt-to-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Carma's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Carma's Debt-to-Equity falls into.
* 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.
Carma (ASX:CMA) has a Debt-to-Equity of 0.31 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Carma and its competitors. This is 35% above median its historical median of 0.23. Over the past decade, Carma's Debt-to-Equity has ranged from 0.15 to 0.31. According to the industry distribution chart, Carma ranks #467 out of 1216 companies in the Vehicles & Parts industry, placing it in the top 38.4%.
Is Carma's Debt-to-Equity too high?
Carma's current Debt-to-Equity of 0.31 is 35% above median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.31. The Vehicles & Parts industry median Debt-to-Equity is 0.46. Carma's value of 0.31 is 32.6% below this industry median. Based on the distribution chart, Carma ranks #467 out of 1216 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Carma has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Carma's Debt-to-Equity compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Carma ranks #467 out of 1216 companies for Debt-to-Equity. This puts Carma in the upper half of its industry. The industry median Debt-to-Equity is 0.46. Carma's value of 0.31 is 32.6% below this benchmark. Historically, Carma's own Debt-to-Equity has ranged from 0.15 to 0.31 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 0.46, Carma has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Vehicles & Parts company?
The median Debt-to-Equity among Vehicles & Parts companies is 0.46, based on 1,216 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carma's current Debt-to-Equity of 0.31 is 32.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Carma and its competitors. For the Vehicles & Parts industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carma's current Debt-to-Equity is 0.31, which is 35% above median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carma stock overvalued right now?
Carma (ASX:CMA) has a current Debt-to-Equity of 0.31. The current Debt-to-Equity is 0.31, which is 35% above median its 10-year median of 0.23 and 32.6% below the Vehicles & Parts industry median of 0.46. Carma's overall GF Score™ is 4/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Carma (ASX:CMA), the current Debt-to-Equity is 0.31 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Carma Ltd is an online retailer of quality used cars in Australia. It offers an online platform that makes it easy to view a huge range of quality cars, compare them like-for-like, and pick and reserve a car online. The company offer fair pricing with no haggling, finance arrangements or cash payments, free delivery within Greater Sydney, and a 7-day trial period allowing customers to test the car in everyday life with the option to return it for a full refund if not satisfied.
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