Avis Budget Group Inc (CAR)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | -349,000 | -33,000 | -129,000 | -444,000 | -703,000 | -509,000 | -654,000 | -992,000 | -220,000 | -211,000 | 92,000 | -316,000 | -155,000 | -76,000 | -153,000 | 292,000 | 656,000 | 495,000 | 376,000 | 324,000 |
| Debt-to-equity ratio | — | — | — | — | — | — | — | — | — | — | 46.49 | — | — | — | — | 11.63 | 5.21 | 6.84 | 8.28 | 10.81 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $4,791,000K ÷ $-349,000K
= —
As the debt-to-equity ratio data is not available for Avis Budget Group Inc for the specified quarters, it is not possible to provide a detailed analysis of the trend or the current level of the ratio. The debt-to-equity ratio is a key financial metric that indicates the proportion of a company's capital that is funded through debt as opposed to equity.
It would be essential to monitor the trend of the debt-to-equity ratio over time to assess the company's leverage and financial risk. A decreasing ratio may indicate that the company is relying less on debt financing, which can be viewed positively as it may lower the risk of financial distress. Conversely, an increasing ratio may signal higher financial risk and potential challenges in servicing debt obligations.
To gain insights into Avis Budget Group Inc's leverage position and financial stability, stakeholders should refer to the latest available financial statements or consult company reports for the most up-to-date debt-to-equity ratio information.
Peer comparison
Dec 31, 2023