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Copart (Copart) Cash-to-Debt

: 23.09 (As of Jan. 2024)
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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. Copart's cash to debt ratio for the quarter that ended in Jan. 2024 was 23.09.

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, Copart could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

CPRT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18   Med: 0.71   Max: 23.09
Current: 23.09

During the past 13 years, Copart's highest Cash to Debt Ratio was 23.09. The lowest was 0.18. And the median was 0.71.

CPRT's Cash-to-Debt is ranked better than
84.74% of 1068 companies
in the Business Services industry
Industry Median: 0.995 vs CPRT: 23.09

Copart Cash-to-Debt Historical Data

The historical data trend for Copart'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.

* Premium members only.

Copart Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cash-to-Debt
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.46 0.92 2.02 11.59 19.63

Copart Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Cash-to-Debt 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 Premium Member Only Premium Member Only Premium Member Only 15.09 16.35 19.63 19.80 23.09

Competitive Comparison

For the Specialty Business Services subindustry, Copart'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.


Copart Cash-to-Debt Distribution

For the Business Services industry and Industrials sector, Copart's Cash-to-Debt distribution charts can be found below:

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



Copart 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.

Copart's Cash to Debt Ratio for the fiscal year that ended in Jul. 2023 is calculated as:

Copart's Cash to Debt Ratio for the quarter that ended in Jan. 2024 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.


Copart  (NAS:CPRT) 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.


Copart Cash-to-Debt Related Terms

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


Copart (Copart) Business Description

Traded in Other Exchanges
Address
14185 Dallas Parkway, Suite 300, Dallas, TX, USA, 75254
Based in Dallas, Copart operates an online salvage vehicle auction with operations in 11 countries across North America, Europe, and the Middle East, facilitating over 3.5 million transactions annually. The company utilizes its virtual bidding platform, VB3, to connect vehicle sellers with over 750,000 registered buyers around the world. Buyers primarily consist of vehicle dismantlers, rebuilders, individuals and used vehicle retailers. About 80% of Copart's vehicle volume is supplied by auto insurance companies holding vehicles deemed a total loss. Copart also offers services such as vehicle transportation, storage, title transfer, and salvage value estimation. The company primarily operates on a consignment basis and collects fees based on the vehicle's final selling price.
Executives
Daniel J Englander director C/O AMERICA'S CARMART, 802 SOUTHEAST PLAZA AVE #200, BENTONVILLE AR 72712
Willis J Johnson director, 10 percent owner, officer: Chairman of the Board
Stephen Fisher director C/O EBAY INC., 2065 HAMILTON AVENUE, SAN JOSE X1 95125
Matt Blunt director C/O COPART, INC., 4665 BUSINESS CENTER DRIVE, FAIRFIELD CA 94534
A Jayson Adair director, officer: Chief Executive Officer
Steven D Cohan director
James E Meeks director
Thomas N Tryforos director 323 RAILROAD AVE, GREENWICH CT 06830
Leah C Stearns officer: Chief Financial Officer C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Diane M Morefield director 200 W. MADISON STREET, SUITE 1700, CHICAGO IL 60606
Carl Sparks director 4315 NORTHAVEN ROAD, DALLAS TX 75229
Jeffrey Liaw officer: Chief Financial Officer 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Cherylyn Harley Lebon director C/O COPART, INC., 14185 DALLAS PARKWAY, SUITE 300, DALLAS TX 75254
John F North officer: Chief Financial Officer 150 N. BARTLETT STREET, MEDFORD OR 97501
William E Franklin officer: Executive Vice President 3399 PEACHTREE RD NE STE 700, ATLANTA GA 30326

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