Avis Budget Group Inc (CAR)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,791,000 | 4,736,000 | 4,668,000 | 4,662,000 | 4,644,000 | 4,563,000 | 4,624,000 | 4,678,000 | 3,990,000 | 4,009,000 | 4,277,000 | 4,264,000 | 4,191,000 | 4,145,000 | 3,884,000 | 3,396,000 | 3,416,000 | 3,388,000 | 3,115,000 | 3,501,000 |
| Total assets | US$ in thousands | 32,569,000 | 32,304,000 | 31,395,000 | 27,388,000 | 25,927,000 | 25,197,000 | 26,095,000 | 23,573,000 | 22,600,000 | 21,610,000 | 22,013,000 | 18,609,000 | 17,538,000 | 19,596,000 | 21,690,000 | 23,552,000 | 23,126,000 | 23,108,000 | 24,455,000 | 22,902,000 |
| Debt-to-assets ratio | 0.15 | 0.15 | 0.15 | 0.17 | 0.18 | 0.18 | 0.18 | 0.20 | 0.18 | 0.19 | 0.19 | 0.23 | 0.24 | 0.21 | 0.18 | 0.14 | 0.15 | 0.15 | 0.13 | 0.15 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,791,000K ÷ $32,569,000K
= 0.15
The debt-to-assets ratio for Avis Budget Group Inc has remained relatively stable over the past eight quarters, ranging from 0.70 to 0.73. This ratio indicates that, on average, the company finances approximately 70-73% of its assets through debt.
A ratio of around 0.70-0.73 suggests that Avis Budget Group relies moderately on debt to fund its operations and investments. It indicates that the company's assets are primarily financed through a combination of debt and equity.
Stability in the debt-to-assets ratio can be seen as a positive sign, suggesting that the company has been able to maintain a consistent balance between debt and assets over time. However, it is important for investors and stakeholders to continue monitoring this ratio to ensure that the company's debt levels remain sustainable and manageable.
Peer comparison
Dec 31, 2023