Copart Balance Sheet Health
Financial Health criteria checks 6/6
Copart has a total shareholder equity of $7.9B and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $8.9B and $949.5M respectively. Copart's EBIT is $1.6B making its interest coverage ratio -10. It has cash and short-term investments of $3.7B.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | -10x |
| Cash | US$3.70b |
| Equity | US$7.92b |
| Total liabilities | US$949.54m |
| Total assets | US$8.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CO6's short term assets ($4.7B) exceed its short term liabilities ($714.9M).
Long Term Liabilities: CO6's short term assets ($4.7B) exceed its long term liabilities ($234.7M).
Debt to Equity History and Analysis
Debt Level: CO6 is debt free.
Reducing Debt: CO6 has no debt compared to 5 years ago when its debt to equity ratio was 20.7%.
Debt Coverage: CO6 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: CO6 has no debt, therefore coverage of interest payments is not a concern.