Avis Budget Group Inc (CAR)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 29,041,000 | 32,749,000 | 33,882,000 | 33,528,000 | 33,419,000 | 9,220,000 | 9,092,000 | 27,388,000 | 25,927,000 | 25,197,000 | 26,095,000 | 23,573,000 | 22,600,000 | 21,610,000 | 13,052,000 | 18,609,000 | 17,538,000 | 19,596,000 | 21,690,000 | 23,552,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $29,041,000K
= 0.00
The debt-to-assets ratio of Avis Budget Group Inc has consistently remained at 0.00 across all reported periods from March 31, 2020, to December 31, 2024. This indicates that the company has not had any debt in relation to its total assets during these periods. A debt-to-assets ratio of 0.00 suggests that the company has not relied on borrowed funds to finance its operations and investments, and that its assets are mainly funded by equity or other non-debt sources. This can be seen as a positive sign, as a lower debt-to-assets ratio generally indicates lower financial risk and greater financial stability for the company.
However, it is important to note that while a low or zero debt-to-assets ratio can be favorable in some cases, it may also signal that the company is not leveraging debt efficiently to potentially take advantage of tax benefits or other opportunities for growth. Additionally, a consistently low or decreasing debt-to-assets ratio over time may raise questions about the company's ability to take on new projects or opportunities that may require debt financing in the future.
Peer comparison
Dec 31, 2024