Avis Budget Group Inc (CAR)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,034,000 | 2,319,000 | 2,460,000 | 2,333,000 | 2,139,000 | 2,226,000 | 2,233,000 | 1,983,000 | 1,886,000 | 1,976,000 | 2,065,000 | 1,768,000 | 1,847,000 | 2,267,000 | 1,324,000 | 1,868,000 | 1,795,000 | 2,635,000 | 2,240,000 | 1,927,000 |
| 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 |
| Current ratio | 0.75 | 0.70 | 0.86 | 0.76 | 0.80 | 0.81 | 0.79 | 0.72 | 0.73 | 0.72 | 0.75 | 0.65 | 0.77 | 0.91 | 0.54 | 0.85 | 0.87 | 1.22 | 1.07 | 0.85 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,034,000K ÷ $2,720,000K
= 0.75
The current ratio of Avis Budget Group Inc has fluctuated over the provided periods, indicating variations in the company's liquidity position. The current ratio, calculated as current assets divided by current liabilities, reflects the entity's ability to meet its short-term obligations.
From March 31, 2020, to June 30, 2020, there was an improvement in the current ratio from 0.85 to 1.07, indicating a healthier position to cover immediate liabilities. However, this ratio decreased to 0.87 by December 31, 2020, before experiencing a slight recovery to 0.85 by March 31, 2021.
A significant decline was observed in the current ratio by June 30, 2021, dropping to 0.54. This sharp decrease may suggest potential challenges in meeting short-term obligations. Subsequent periods saw fluctuations with the ratio reaching its lowest point of 0.65 by March 31, 2022, and showing a modest increase to 0.75 by June 30, 2022.
The current ratio continued to fluctuate between 0.72 and 0.81 from September 30, 2022, to September 30, 2023, indicating potential ongoing liquidity concerns. Despite minor fluctuations, the ratio remained below 1 during these periods, suggesting potential difficulties in meeting short-term obligations.
As of December 31, 2023, the current ratio stood at 0.80, and it slightly decreased to 0.76 by March 31, 2024. Subsequent periods saw some improvement, with the ratio reaching 0.86 by June 30, 2024, before declining again to 0.70 by September 30, 2024. By December 31, 2024, the current ratio was at 0.75.
Overall, the current ratio trend of Avis Budget Group Inc indicates fluctuations and challenges in maintaining a consistently strong liquidity position to meet short-term obligations effectively.
Peer comparison
Dec 31, 2024