Copart Balance Sheet Health
Financial Health criteria checks 6/6
Copart has a total shareholder equity of $7.2B and total debt of $427.0K, which brings its debt-to-equity ratio to 0.01%. Its total assets and total liabilities are $8.0B and $814.4M respectively. Copart's EBIT is $1.6B making its interest coverage ratio -12.2. It has cash and short-term investments of $3.1B.
Key information
0.006%
Debt to equity ratio
US$427.00k
Debt
Interest coverage ratio | -12.2x |
Cash | US$3.09b |
Equity | US$7.20b |
Total liabilities | US$814.45m |
Total assets | US$8.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: C1PR34's short term assets ($4.1B) exceed its short term liabilities ($563.4M).
Long Term Liabilities: C1PR34's short term assets ($4.1B) exceed its long term liabilities ($251.0M).
Debt to Equity History and Analysis
Debt Level: C1PR34 has more cash than its total debt.
Reducing Debt: C1PR34's debt to equity ratio has reduced from 25.1% to 0.01% over the past 5 years.
Debt Coverage: C1PR34's debt is well covered by operating cash flow (325976.6%).
Interest Coverage: C1PR34 earns more interest than it pays, so coverage of interest payments is not a concern.