LKQ · 10-Q · 2026Q3 · Full report
Liquidity and Cash Position
LKQ CORP · 2026-10-29 · Importance 42 · Surprise 14 · From source text
Total liquidity was $1,658 million at September 30, 2026, against $39 million of current maturities, and the company also reported $319 million of cash and cash equivalents, including $287 million held by foreign subsidiaries. Outstanding borrowings under revolving credit facilities and term loans were $1,072 million, up from $1,011 million at December 31, 2025; total gross debt was $3,743 million. The company prepaid its $500 million term loan due January 2027 on July 29, 2026, using revolving-credit borrowings. At September 30, 2026, it complied with its debt covenants, reporting a 2.8 leverage ratio against a 4.0 maximum and 6.7 interest coverage against a 3.0 minimum; overall weighted average borrowing interest was 5.0%.
Key facts
- LKQ had $1,072 million of borrowings under revolving credit facilities and term loans payable at September 30, 2026, compared with $1,011 million at December 31, 2025. source
- At September 30, 2026, LKQ had $1,339 million available under revolving credit facilities and $319 million in cash, totaling $1,658 million in available liquidity. source
- LKQ's available liquidity decreased $546 million from December 31, 2025, primarily because revolving credit borrowings increased $579 million, mostly to prepay the $500 million term loan under its Senior Unsecured Credit Agreement. source
- LKQ had $1,658 million of total liquidity and $39 million of current maturities as of September 30, 2026. source
- As of September 30, 2026, LKQ had $319 million of cash and cash equivalents, of which $287 million was held by foreign subsidiaries. source
- LKQ had net debt borrowings of $52 million for the nine months ended September 30, 2026, compared with net debt payments of $203 million for the same period of 2025. source
- LKQ prepaid the term loan payable under its Senior Unsecured Credit Agreement using revolving credit facility borrowings on July 29, 2026. source
- As of September 30, 2026, LKQ’s maximum total leverage covenant was 4.00:1.00 and its achieved ratio was 2.8. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | -0.4% | LKQ had $1,072 million of borrowings under revolving credit facilities and term loans payable at September 30, 2026, compared with $1,011… |