Carvana Balance Sheet Health
Financial Health criteria checks 0/6
Carvana has a total shareholder equity of $-311.0M and total debt of $5.3B, which brings its debt-to-equity ratio to -1700%. Its total assets and total liabilities are $7.0B and $7.3B respectively. Carvana's EBIT is $196.0M making its interest coverage ratio 0.3. It has cash and short-term investments of $640.0M.
Key information
-1,700.0%
Debt to equity ratio
US$5.29b
Debt
Interest coverage ratio | 0.3x |
Cash | US$640.00m |
Equity | -US$311.00m |
Total liabilities | US$7.29b |
Total assets | US$6.98b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0A79 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 0A79 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: 0A79 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 0A79's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 0A79's debt is not well covered by operating cash flow (18.3%).
Interest Coverage: 0A79's interest payments on its debt are not well covered by EBIT (0.3x coverage).