Openlane (Openlane) Debt-to-Equity : 0.32 (As of Dec. 2023)

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What is Openlane Debt-to-Equity?

Openlane's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $155 Mil. Openlane's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $273 Mil. Openlane's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,327 Mil. Openlane's debt to equity for the quarter that ended in Dec. 2023 was 0.32.

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 Openlane's Debt-to-Equity or its related term are showing as below:

KAR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 1.35 Max: 1.82
Current: 0.32

During the past 13 years, the highest Debt-to-Equity Ratio of Openlane was 1.82. The lowest was 0.32. And the median was 1.35.

KAR's Debt-to-Equity is ranked better than
63.13% of 1177 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs KAR: 0.32

Openlane Debt-to-Equity Historical Data

The historical data trend for Openlane'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.

* Premium members only.

Openlane Debt-to-Equity Chart

Openlane Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.36

1.38

1.29

0.38

0.32

Openlane Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.38	0.33	0.35	0.24	0.32

Competitive Comparison of Openlane's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, Openlane'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.

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

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

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

Openlane Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Openlane's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(154.6	+	272.8)	/	1327
	=	0.32

Openlane's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(154.6	+	272.8)	/	1327
	=	0.32

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

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.

Openlane Debt-to-Equity Related Terms

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

Openlane (Openlane) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

11299 N. Illinois Street, Carmel, IN, USA, 46032

Website

https://corporate.openlane.com

Openlane Inc offers a digital marketplace for used vehicles. The services comprise financing, repossessions, repairs, transportation, warranty, and inventory services. It operates used-vehicle auctions and offers complete online services for all parties involved. The company has two operating segments which include Marketplace and Finance, of which it generates the majority of the revenue from the Marketplace segment.

Executives

Brad S. Lakhia	officer: EVP & CFO	19100 RIDGEWOOD PARKWAY, SAN ANTONIO TX 78259
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
Kelly Peter	officer: Pres. & CEO, OPENLANE	C/O KAR AUCTION SERVICES, INC., 11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Srisu Subrahmanyam	officer: Pres KAR Svcs Group, EVP Ops	11299 NORTH ILLINOIS STREET, CARMEL IN 46032
James P Coyle	officer: EVP, Chief Digital Officer	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
Roy Mackenzie	director	601 LEXINGTON AVENUE, 53RD FLOOR, NEW YORK NY 10022