Avis Budget Group Inc (CAR)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 555,000 | 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 | 686,000 | 615,000 | 534,000 | 540,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 2,225,000 | 2,290,000 | 2,669,000 | 2,258,000 |
| Cash ratio | 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 | 0.31 | 0.27 | 0.20 | 0.24 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($555,000K
+ $—K)
÷ $2,659,000K
= 0.21
The cash ratio of Avis Budget Group Inc has shown a consistent increase over the past quarters, reaching 0.47 in Q4 2023 from 0.37 in Q1 2022. This indicates that the company has been able to maintain a higher level of cash and cash equivalents relative to its current liabilities. A higher cash ratio signifies a better ability to cover short-term obligations with cash on hand, suggesting a stronger liquidity position for the company. Overall, the upward trend in the cash ratio reflects improved liquidity management by Avis Budget Group Inc throughout the analyzed period.
Peer comparison
Dec 31, 2023