January 18, 2021

Group 1 Automotive’s Debt Overview

Over the past three months, shares of Group 1 Automotive (NYSE: GPI) increased by 57.98%. Before we understand the importance of debt, let us look at how much debt Group 1 Automotive has.

Group 1 Automotive’s Debt

According to the Group 1 Automotive’s most recent balance sheet as reported on August 3, 2020, total debt is at $2.47 billion, with $1.36 billion in long-term debt and $1.11 billion in current debt. Adjusting for $72.70 million in cash-equivalents, the company has a net debt of $2.40 billion.

To understand the degree of financial leverage a company has, shareholders look at the debt ratio. Considering Group 1 Automotive’s $4.86 billion in total assets, the debt-ratio is at 0.51. As a rule of thumb, a debt-ratio more than one indicates that a considerable portion of debt is funded by assets. A higher debt-ratio can also imply that the company might be putting itself

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Does Operating Your Automotive’s Air Conditioner Really Affect Gasoline Mileage

The hazard drivers create once they textual content or talk on cell phones has acquired appreciable consideration within the common press lately. On the time of the accident, the ATP equipment was not required to be switched on and had proved troublesome in service, and drivers were not required to be skilled on it. The rationale that i bring this up is as a result of yes a automobile is private property and will follow below the 4th modification however solely when the vehicle is parked in your driveway or garage or on personal property.

If you do not know how one can park your vehicle, it is not going to solely irritate the drivers around you, but additionally result in your vehicle assembly a potential mishap. Those that drive GENTLE BLUE cars are serene and peaceable people who often have a powerful maternal instinct.

Many drivers ignore the street … Read More