Avis Budget Group Balance Sheet Health
Financial Health criteria checks 0/6
Avis Budget Group has a total shareholder equity of $-229.0M and total debt of $23.9B, which brings its debt-to-equity ratio to -10435.8%. Its total assets and total liabilities are $32.7B and $33.0B respectively. Avis Budget Group's EBIT is $1.7B making its interest coverage ratio 1.3. It has cash and short-term investments of $602.0M.
Key information
-10,435.8%
Debt to equity ratio
US$23.90b
Debt
| Interest coverage ratio | 1.3x |
| Cash | US$602.00m |
| Equity | -US$229.00m |
| Total liabilities | US$32.98b |
| Total assets | US$32.75b |
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 (14.8%).
Interest Coverage: CUCA's interest payments on its debt are not well covered by EBIT (1.3x coverage).