Copart Balance Sheet Health
Financial Health criteria checks 6/6
Copart has a total shareholder equity of $6.8B and total debt of $453.0K, which brings its debt-to-equity ratio to 0.01%. Its total assets and total liabilities are $7.6B and $785.8M respectively. Copart's EBIT is $1.6B making its interest coverage ratio -14. It has cash and short-term investments of $2.7B.
Key information
0.007%
Debt to equity ratio
US$453.00k
Debt
Interest coverage ratio | -14x |
Cash | US$2.67b |
Equity | US$6.81b |
Total liabilities | US$785.81m |
Total assets | US$7.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CO6's short term assets ($3.7B) exceed its short term liabilities ($526.0M).
Long Term Liabilities: CO6's short term assets ($3.7B) exceed its long term liabilities ($259.8M).
Debt to Equity History and Analysis
Debt Level: CO6 has more cash than its total debt.
Reducing Debt: CO6's debt to equity ratio has reduced from 33.8% to 0.01% over the past 5 years.
Debt Coverage: CO6's debt is well covered by operating cash flow (309363.4%).
Interest Coverage: CO6 earns more interest than it pays, so coverage of interest payments is not a concern.