Avis Budget Group Inc (CAR)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,791,000 | 4,644,000 | 3,990,000 | 4,191,000 | 3,416,000 |
| Total stockholders’ equity | US$ in thousands | -349,000 | -703,000 | -220,000 | -155,000 | 656,000 |
| Debt-to-equity ratio | — | — | — | — | 5.21 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $4,791,000K ÷ $-349,000K
= —
Based on the data provided, the debt-to-equity ratio for Avis Budget Group Inc for the years 2020, 2021, 2022, and 2023 is not available. However, we can infer from the last available data point in 2019 that the company had a debt-to-equity ratio of 22.11.
A debt-to-equity ratio of 22.11 indicates that the company had significantly more debt relative to its equity at the end of 2019. This implies that Avis Budget Group relied more on debt financing compared to equity financing to fund its operations and growth. A high debt-to-equity ratio can be concerning as it suggests higher financial leverage and potential financial risk for the company.
Without the debt-to-equity ratio data for the subsequent years, it is challenging to assess the trend and current financial leverage of Avis Budget Group. It would be important to have the missing data to evaluate the company's capital structure and financial health accurately.
Peer comparison
Dec 31, 2023