Avis Budget Group Balance Sheet Health
Financial Health criteria checks 0/6
Avis Budget Group has a total shareholder equity of $-482.0M and total debt of $24.8B, which brings its debt-to-equity ratio to -5144.2%. Its total assets and total liabilities are $33.9B and $34.4B respectively. Avis Budget Group's EBIT is $2.1B making its interest coverage ratio 1.7. It has cash and short-term investments of $511.0M.
Key information
-5,144.2%
Debt to equity ratio
US$24.80b
Debt
| Interest coverage ratio | 1.7x |
| Cash | US$511.00m |
| Equity | -US$482.00m |
| Total liabilities | US$34.36b |
| Total assets | US$33.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CAR has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: CAR has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: CAR has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: CAR's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: CAR's debt is not well covered by operating cash flow (14.2%).
Interest Coverage: CAR's interest payments on its debt are not well covered by EBIT (1.7x coverage).