OPENLANE Balance Sheet Health
Financial Health criteria checks 3/6
OPENLANE has a total shareholder equity of $1.9B and total debt of $2.0B, which brings its debt-to-equity ratio to 102.5%. Its total assets and total liabilities are $4.7B and $2.8B respectively. OPENLANE's EBIT is $245.6M making its interest coverage ratio 1.6. It has cash and short-term investments of $93.5M.
Key information
102.5%
Debt to equity ratio
US$1.99b
Debt
| Interest coverage ratio | 1.6x |
| Cash | US$93.50m |
| Equity | US$1.94b |
| Total liabilities | US$2.79b |
| Total assets | US$4.73b |
Recent financial health updates
Does OPENLANE (NYSE:KAR) Have A Healthy Balance Sheet?
Nov 15
These 4 Measures Indicate That OPENLANE (NYSE:KAR) Is Using Debt Reasonably Well
Aug 12KAR Auction Services (NYSE:KAR) Seems To Use Debt Quite Sensibly
May 04KAR Auction Services (NYSE:KAR) Seems To Use Debt Quite Sensibly
Oct 28These 4 Measures Indicate That KAR Auction Services (NYSE:KAR) Is Using Debt Extensively
Jul 14Is KAR Auction Services (NYSE:KAR) A Risky Investment?
Apr 06Recent updates
Some Confidence Is Lacking In OPENLANE, Inc.'s (NYSE:KAR) P/S
Apr 12Subdued Growth No Barrier To OPENLANE, Inc.'s (NYSE:KAR) Price
Dec 23Openlane: Attractive Valuation Warrants A Buy
Nov 15Does OPENLANE (NYSE:KAR) Have A Healthy Balance Sheet?
Nov 15Openlane: Looking Good Under The Hood
Aug 24These 4 Measures Indicate That OPENLANE (NYSE:KAR) Is Using Debt Reasonably Well
Aug 12KAR Auction Services (NYSE:KAR) Seems To Use Debt Quite Sensibly
May 04KAR Auction Non-GAAP EPS of $0.33 beats by $0.16, revenue of $372.8M misses by $6.66M
Feb 21KAR Auction Services: Cheap Enough To Be Worth The Risk
Jan 18Are Investors Undervaluing KAR Auction Services, Inc. (NYSE:KAR) By 42%?
Jan 10What Does KAR Auction Services, Inc.'s (NYSE:KAR) Share Price Indicate?
Dec 20KAR Auction Services (NYSE:KAR) Seems To Use Debt Quite Sensibly
Oct 28KAR Auction Services: Worth Getting Revved Up Over
Oct 04These 4 Measures Indicate That KAR Auction Services (NYSE:KAR) Is Using Debt Extensively
Jul 14KAR Auction Services: 'New' KAR On Offer At A Bargain Price
Jul 13Is KAR Auction Services (NYSE:KAR) A Risky Investment?
Apr 06Is There An Opportunity With KAR Auction Services, Inc.'s (NYSE:KAR) 22% Undervaluation?
Mar 16KAR Auction Services: Sell To Grow
Feb 28Does KAR Auction Services (NYSE:KAR) Have A Healthy Balance Sheet?
Dec 28KAR Auction Services: Longer-Term Growth Story Intact Despite Near-Term Headwinds
Sep 28These 4 Measures Indicate That KAR Auction Services (NYSE:KAR) Is Using Debt Extensively
Sep 24Why KAR Auction Services, Inc. (NYSE:KAR) Could Be Worth Watching
Sep 06Are Investors Undervaluing KAR Auction Services, Inc. (NYSE:KAR) By 43%?
Jul 19These 4 Measures Indicate That KAR Auction Services (NYSE:KAR) Is Using Debt Extensively
Jun 07KAR Auction Q1 2021 Earnings Preview
May 03KAR Auction Services, Inc. (NYSE:KAR) Shares Could Be 37% Below Their Intrinsic Value Estimate
Apr 01When Should You Buy KAR Auction Services, Inc. (NYSE:KAR)?
Mar 11These 4 Measures Indicate That KAR Auction Services (NYSE:KAR) Is Using Debt Extensively
Feb 04
Shareholders Of KAR Auction Services (NYSE:KAR) Have Received 1.6% On Their Investment
Jan 14KAR Auction gains as CEO scheduled to appear on CNBC's `Mad Money' tonight
Jan 12Does KAR Auction Services's (NYSE:KAR) Statutory Profit Adequately Reflect Its Underlying Profit?
Dec 24Financial Position Analysis
Short Term Liabilities: KAR's short term assets ($2.8B) exceed its short term liabilities ($2.5B).
Long Term Liabilities: KAR's short term assets ($2.8B) exceed its long term liabilities ($308.0M).
Debt to Equity History and Analysis
Debt Level: KAR's net debt to equity ratio (97.7%) is considered high.
Reducing Debt: KAR's debt to equity ratio has reduced from 280.9% to 102.5% over the past 5 years.
Debt Coverage: KAR's debt is not well covered by operating cash flow (11.8%).
Interest Coverage: KAR's interest payments on its debt are not well covered by EBIT (1.6x coverage).