Avis Budget Group Balance Sheet Health
Financial Health criteria checks 0/6
Avis Budget Group has a total shareholder equity of $-508.0M and total debt of $24.6B, which brings its debt-to-equity ratio to -4847.8%. Its total assets and total liabilities are $33.5B and $34.0B respectively. Avis Budget Group's EBIT is $2.6B making its interest coverage ratio 2.2. It has cash and short-term investments of $522.0M.
Key information
-4,847.8%
Debt to equity ratio
US$24.63b
Debt
Interest coverage ratio | 2.2x |
Cash | US$522.00m |
Equity | -US$508.00m |
Total liabilities | US$34.04b |
Total assets | US$33.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0HK4 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 0HK4 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: 0HK4 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 0HK4's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 0HK4's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: 0HK4's interest payments on its debt are not well covered by EBIT (2.2x coverage).