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