GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cars.com Inc (NYSE:CARS) » Definitions » LT-Debt-to-Total-Asset

Cars.com (Cars.com) LT-Debt-to-Total-Asset : 0.39 (As of Dec. 2023)


View and export this data going back to 2017. Start your Free Trial

What is Cars.com LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Cars.com's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.39.

Cars.com's long-term debt to total assets ratio declined from Dec. 2022 (0.45) to Dec. 2023 (0.39). It may suggest that Cars.com is progressively becoming less dependent on debt to grow their business.

Cars.com LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cars.com's LT-Debt-to-Total-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.

* Premium members only.

Cars.com LT-Debt-to-Total-Asset Chart

Cars.com Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.30 0.54 0.45 0.45 0.39

Cars.com Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.45 0.44 0.40 0.39 0.39

Cars.com LT-Debt-to-Total-Asset Calculation

Cars.com's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )/Total Assets (A: Dec. 2023 )
=460.119/1172.449
=0.39

Cars.com's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )/Total Assets (Q: Dec. 2023 )
=460.119/1172.449
=0.39

* 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.

Cars.com  (NYSE:CARS) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Cars.com LT-Debt-to-Total-Asset Related Terms

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

Cars.com (Cars.com) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cars.com Inc (NYSE:CARS) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
CWH SDA KAR CRMT SAH KFS DRVN CANG UCAR VRM TPE:2207 KMX PAG XBRU:DIE LAD HKSE:00881 AN TSE:4732 ABG GPI
Traded in Other Exchanges
N/A
Address
300 S. Riverside Plaza, Suite 1000, Chicago, IL, USA, 60606
Website
https://www.cars.com/
Cars.com Inc is an online destination for buying and selling new and used vehicles. The company brands include Dealer Inspire, DealerRater, FUEL, Accu-Trade, PickupTrucks.com, CreditIQ, and NewCars.com., websites directed towards different consumer segments.
Executives
Thomas Alex Vetter director, officer: CEO C/O CARS.COM INC.,300 S. RIVERSIDE PLAZA, SUITE 1000, CHICAGO IL 60604
Sonia Jain officer: Chief Financial Officer 300 S. RIVERSIDE PLAZA, SUITE 1000, CHICAGO IL 60606
Angelique Strong Marks officer: Chief Legal Officer 300 S. RIVERSIDE PLAZA, SUITE 1000, CHICAGO IL 60606
Bryan Wiener director 520 BROAD STREET, NEWARK NJ 07102
Douglas Neal Miller officer: Chief Revenue Officer CARS.COM INC., 300 S. RIVERSIDE PLAZA, SUITE 1000, CHICAGO IL 60606
Mcgovern Jr. Donald A. director C/O CARS.COM, 300 S. RIVERSIDE PLAZA, SUITE 1000, CHICAGO IL 60606
Thomas E Hale director 600 TOWNSEND ST, SAN FRANCISCO CA 94103
Jeanette Tomy officer: Chief Financial Officer 300 S. RIVERSIDE PLAZA, SUITE 1000, CHICAGO IL 60606
James F Rogers officer: Chief Legal Officer 175 W. JACKSON, SUITE 800, CHICAGO IL 60604
Jenell Ross director 2000 CLEARWATER DRIVE, OAK BROOK IL 60523
Scott E Forbes director C/O CARS.COM INC.,300 S. RIVERSIDE PLAZA, SUITE 1000, CHICAGO IL 60606
Jill A Greenthal director MARTHA STEWART LIVING OMNIMEDIA INC, 11 WEST 42ND STREET 25TH FLOOR, NEW YORK NY 10036
Becky A Sheehan officer: Chief Financial Officer C/O CARS.COM, 300 S. RIVERSIDE PLAZA, SUITE 1000, CHICAGO IL 60606
Michael Joseph Kelly director C/O EYEBLASTER, INC., 135 WEST 18TH STREET, 5TH FLOOR, NEW YORK NY 10011
Greg Revelle director N56 W17000 RIDGEWOOD DRIVE, MENOMONEE FALLS WI 53051