Avis Budget Group Inc (CAR)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 534,000 | 602,000 | 515,000 | 522,000 | 559,000 | 572,000 | 571,000 | 548,000 | 570,000 | 581,000 | 579,000 | 550,000 | 534,000 | 886,000 | 1,324,000 | 576,000 | 692,000 | 1,564,000 | 1,258,000 | 679,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,720,000 | 3,326,000 | 2,866,000 | 3,074,000 | 2,659,000 | 2,763,000 | 2,844,000 | 2,749,000 | 2,574,000 | 2,746,000 | 2,771,000 | 2,702,000 | 2,408,000 | 2,498,000 | 2,467,000 | 2,190,000 | 2,053,000 | 2,166,000 | 2,103,000 | 2,263,000 |
| Cash ratio | 0.20 | 0.18 | 0.18 | 0.17 | 0.21 | 0.21 | 0.20 | 0.20 | 0.22 | 0.21 | 0.21 | 0.20 | 0.22 | 0.35 | 0.54 | 0.26 | 0.34 | 0.72 | 0.60 | 0.30 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($534,000K
+ $—K)
÷ $2,720,000K
= 0.20
The cash ratio of Avis Budget Group Inc has fluctuated over the past five years, ranging from a low of 0.17 to a high of 0.72. This ratio, which measures the company's ability to cover its current liabilities with its cash and cash equivalents, indicates the proportion of liquid assets held by the company relative to its short-term obligations.
In the most recent quarter, as of December 31, 2024, the cash ratio stood at 0.20, suggesting that the company had $0.20 in cash and cash equivalents for every $1 of current liabilities. This indicates a relatively stable liquidity position, albeit slightly lower than the previous quarter's ratio of 0.18.
Overall, while the cash ratio has shown some variability, Avis Budget Group Inc appears to have maintained a sufficient level of liquidity to meet its short-term obligations throughout the period under review. However, investors and stakeholders should continue to monitor the company's cash position and liquidity management practices to ensure ongoing financial stability.
Peer comparison
Dec 31, 2024