Avis Budget Group Inc (CAR)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 29,041,000 | 32,749,000 | 33,882,000 | 33,528,000 | 33,419,000 | 9,220,000 | 9,092,000 | 27,388,000 | 25,927,000 | 25,197,000 | 26,095,000 | 23,573,000 | 22,600,000 | 21,610,000 | 13,052,000 | 18,609,000 | 17,538,000 | 19,596,000 | 21,690,000 | 23,552,000 |
| Total stockholders’ equity | US$ in thousands | -2,327,000 | -238,000 | -490,000 | -515,000 | -349,000 | -33,000 | -129,000 | -444,000 | -703,000 | -509,000 | -654,000 | -992,000 | -220,000 | -198,000 | 92,000 | -316,000 | -155,000 | -76,000 | -153,000 | 292,000 |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 141.87 | — | — | — | — | 80.66 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $29,041,000K ÷ $-2,327,000K
= —
The financial leverage ratio of Avis Budget Group Inc as of March 31, 2020 is 80.66, indicating that the company's financial structure is predominantly relying on debt to finance its operations and growth. A higher financial leverage ratio suggests that the company has a higher level of debt relative to its equity.
However, the information provided for subsequent dates (June 30, 2020 to December 31, 2024) is not available, making it challenging to perform a comprehensive trend analysis. It appears that the company's leverage ratio data is missing for these periods.
It is crucial to monitor the financial leverage ratio over time to assess the company's ability to meet its debt obligations, manage financial risk, and maintain a healthy balance between debt and equity financing. By having a complete dataset, analysts can better evaluate the company's financial health and stability.
Peer comparison
Dec 31, 2024