Avis Budget Group Inc (CAR)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 2,736,000 | 1,868,000 | 1,795,000 | 2,635,000 | 2,240,000 | 1,927,000 | 2,145,000 | 2,147,000 | 2,286,000 | 2,137,000 |
| 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 |
| Current ratio | 0.80 | 0.81 | 0.79 | 0.72 | 0.73 | 0.72 | 0.75 | 0.65 | 0.77 | 0.91 | 1.11 | 0.85 | 0.87 | 1.22 | 1.07 | 0.85 | 0.96 | 0.94 | 0.86 | 0.95 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,139,000K ÷ $2,659,000K
= 0.80
The current ratio for Avis Budget Group Inc has shown some fluctuations over the past few quarters. In Q4 2023, the current ratio stands at 0.80, slightly lower than the previous quarter at 0.81. This indicates that the company may have slightly fewer current assets relative to current liabilities compared to the previous quarter.
Looking back at the trend over the past year, the current ratio has generally been hovering around the 0.70 to 0.80 range, with Q1 2022 showing a lower ratio of 0.65. This suggests that Avis Budget Group Inc may have faced challenges in managing its short-term liquidity in Q1 2022.
Overall, while the current ratio for Avis Budget Group Inc has shown some variability, it is essential for the company to closely monitor and manage its current assets and liabilities to ensure it maintains a healthy liquidity position to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023