Leverage Ratio of Asbury Automotive Group Inc (ABG) is 3.20

A leverage ratio is any one of several financial measurements that look at how much capital comes in the form of debt (loans) or assesses the ability of a company to meet its financial obligations. The leverage ratio category is important because companies rely on a mixture of equity and debt to finance their operations, and knowing the amount of debt held by a company is useful in evaluating whether it can pay its debts off as they come due. Several common leverage ratios will be discussed below. Leverage ratios measure how leveraged a company is. These ratios compare the total debt obligation to either assets.

 

Source: Investopedia

Leverage Ratio
Apr 20May 20Jun 20Jul 20Aug 20Sep 20Oct 20Nov 20Dec 20Jan 21Feb 21Mar 21
4.804.804.704.603.404.504.303.204.404.404.403.20