Avis Budget Group Inc (CAR)

Financial leverage ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Total assets US$ in thousands 32,569,000 25,927,000 22,600,000 17,538,000 23,126,000
Total stockholders’ equity US$ in thousands -349,000 -703,000 -220,000 -155,000 656,000
Financial leverage ratio 35.25

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $32,569,000K ÷ $-349,000K
= —

The financial leverage ratio for Avis Budget Group Inc has not been provided for the years 2023, 2022, 2021, and 2020. However, the financial leverage ratio for the company as of December 31, 2019, was 35.25. This indicates that in 2019, Avis Budget Group had significant financial leverage, implying that the company relied heavily on debt to finance its operations and growth. It suggests that a large portion of the company's assets were funded by debt rather than equity. Without the financial leverage ratio data for the subsequent years, it is not possible to determine the trend or assess the current level of financial leverage for Avis Budget Group Inc.


Peer comparison

Dec 31, 2023

Company name
Symbol
Financial leverage ratio
Avis Budget Group Inc
CAR
Hertz Global Holdings Inc
HTZ
7.96
Ryder System Inc
R
5.14