Avis Budget Group Inc (CAR)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 9,668,000 | 32,569,000 | 25,927,000 | 22,600,000 | 17,538,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,668,000K
= 0.00
Based on the provided data, Avis Budget Group Inc has consistently maintained a debt-to-assets ratio of 0.00 over the years from December 31, 2020, to December 31, 2024. This indicates that the company's total debt is either negligible or effectively supported by its assets throughout this period. A debt-to-assets ratio of 0.00 implies that the company is not relying on debt financing to fund its operations and investments but rather has a strong asset base to finance its activities. This may indicate a conservative financial strategy aimed at minimizing financial risk and ensuring stability in the company's capital structure.
Peer comparison
Dec 31, 2024