Avis Budget Group Balance Sheet Health
Financial Health criteria checks 0/6
Avis Budget Group has a total shareholder equity of $-343.0M and total debt of $23.8B, which brings its debt-to-equity ratio to -6927.1%. Its total assets and total liabilities are $32.6B and $32.9B respectively. Avis Budget Group's EBIT is $2.6B making its interest coverage ratio 2.2. It has cash and short-term investments of $555.0M.
Key information
-6,927.1%
Debt to equity ratio
US$23.76b
Debt
Interest coverage ratio | 2.2x |
Cash | US$555.00m |
Equity | -US$343.00m |
Total liabilities | US$32.91b |
Total assets | US$32.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CUCA has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: CUCA 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: CUCA has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: CUCA's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: CUCA's debt is not well covered by operating cash flow (15.1%).
Interest Coverage: CUCA's interest payments on its debt are not well covered by EBIT (2.2x coverage).