CarGurus (CarGurus) Cash-to-Debt : 1.61 (As of Dec. 2023)

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What is CarGurus 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. CarGurus's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.61.

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, CarGurus could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

CARG' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.61 Med: 7.07 Max: No Debt
Current: 1.61

During the past 9 years, CarGurus's highest Cash to Debt Ratio was No Debt. The lowest was 1.61. And the median was 7.07.

CARG's Cash-to-Debt is ranked better than
69.32% of 1294 companies
in the Vehicles & Parts industry
Industry Median: 0.57 vs CARG: 1.61

CarGurus Cash-to-Debt Historical Data

The historical data trend for CarGurus'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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CarGurus Cash-to-Debt Chart

CarGurus Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.47

4.15

4.55

7.07

1.61

CarGurus Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															7.07	2.17	2.19	2.18	1.61

Competitive Comparison of CarGurus's Cash-to-Debt

For the Auto & Truck Dealerships subindustry, CarGurus'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.

CarGurus's Cash-to-Debt Distribution in the Vehicles & Parts Industry

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

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

CarGurus 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.

CarGurus's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	312.087	/	(12.284	+	182.106)
	=	1.61

CarGurus's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	312.087	/	(12.284	+	182.106)
	=	1.61

CarGurus (NAS:CARG) 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.

CarGurus Cash-to-Debt Related Terms

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

CarGurus (CarGurus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CarGurus Inc (NAS:CARG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0C6:Germany

Address

2 Canal Park, 4th Floor, Cambridge, MA, USA, 02141

Website

https://www.cargurus.com

CarGurus Inc is a company that acts as an online automotive marketplace connecting buyers and sellers of new and used cars. The company provides three types of marketplace Listing products, Restricted Listings, and Enhanced or Featured Listing through which it offers real-time and historical data analyzing the connections and pricing analysis. It also provides all dealers with a web widget to place Deal Rating Badges, which show deal rating. The listing platforms offer auto manufacturers and others to buy advertising on the company's site and target consumers based on the make, model, and zip code of the cars. The company operates through two geographical segments namely United States and the International. It generates majority of revenue from the United States.

Executives

Manik Gupta	director	1999 SCOTT LN, LOS ALTOS CA 94024
Javier Esquivel Zamora	officer: General Counsel and Secretary	C/O CARGURUS, INC., 2 CANAL PARK, 4TH FLOOR, CAMBRIDGE MA 02141
Samuel Zales	officer: Chief Operating Officer	C/O CARGURUS, INC., 2 CANAL PARK, 4TH FL., CAMBRIDGE MA 02141
Scot Christopher Fredo	officer: CFO and Treasurer	C/O CARGURUS, INC., 2 CANAL PARK, 4TH FLOOR, CAMBRIDGE MA 02141
Thomas Michael Caputo	officer: Sr. VP, Product	C/O CARGURUS, INC., 2 CANAL PARK, 4TH FL., CAMBRIDGE MA 02141
Andrea Lee Eldridge	officer: Chief People Officer	C/O CARGURUS, INC., 2 CANAL PARK, 4TH FLOOR, CAMBRIDGE MA 02141
Yann Bruno Gellot	officer: VP, Finance & Accounting (PAO)	C/O CARGURUS, INC., 2 CANAL PARK, 4TH FLOOR, CAMBRIDGE MA 02141
Matthew Todd Quinn	officer: Chief Technology Officer	C/O CARGURUS, INC., 2 CANAL PARK, 4TH FLOOR, CAMBRIDGE MA 02141
Langley Steinert	director, 10 percent owner, officer: CEO, President and Chairman	C/O CARGURUS, INC., 2 CANAL PARK, 4TH FLOOR, CAMBRIDGE MA 02141
Dafna Sarnoff	officer: Chief Marketing Officer	C/O CARGURUS, INC., 2 CANAL PARK, 4TH FLOOR, CAMBRIDGE MA 02141
Kathleen Bender Patton	officer: Sr. VP, GC and Secretary	2 CANAL PARK, 4TH FLOOR, CAMBRIDGE MA 02141
Sarah Amory Welch	officer: Sr. VP, Consumer Marketing	C/O CARGURUS, INC., 2 CANAL PARK, 4TH FL., CAMBRIDGE MA 02141
Yvonne Hao	director	C/O BAIN CAPITAL PARTNERS, LP, 200 CLARENDON STREET, BOSTON MA 02116
Anastasios Parafestas	director, 10 percent owner	C/O THE BOLLARD GROUP LLC, ONE JOY STREET, BOSTON MA 02108
Greg M Schwartz	director	C/O ZILLOW GROUP, INC., 1301 SECOND AVENUE, FLOOR 31, SEATTLE WA 98101