What is Avis Budget Group Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Avis Budget Group's interest expense for the
three
months ended in Mar. 2024 was $ -83 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-306 Mil.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Avis Budget Group's Operating Income for the
three
months ended in Mar. 2024 was $ -54 Mil. Avis Budget Group's Interest Expense for the
three
months ended in Mar. 2024 was $ -83 Mil.
Avis Budget Group did not have earnings to cover the interest expense.
The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Avis Budget Group Interest Expense Calculation
Interest Expense is the amount reported by a company or individual as an expense for borrowed money.
Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-306 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Avis Budget Group (NAS:CAR) Interest Expense Explanation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Avis Budget Group's Interest Expense for the
three
months ended in Mar. 2024 was $-83 Mil. Its
Operating Income
for the
three
months ended in Mar. 2024 was $-54 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2024 was $26,456 Mil.
Avis Budget Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
| Avis Budget Group did not have earnings to cover the interest expense. |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The higher the ratio, the stronger the company's financial strength is.
Avis Budget Group (Avis Budget Group) Business Description
Traded in Other Exchanges
Address
6 Sylvan Way, Parsippany, NJ, USA, 07054
Avis Budget Group Inc is a provider of automotive vehicle rental and car-sharing services. Its brands include Avis, Budget, and Zipcar. Avis is targeted to serve the premium commercial and leisure segments of the travel industry, while Budget is focused on value-conscious customers. The company operates its own network of rental locations and licenses its brands to franchisees. Zipcar is a car-sharing service that allows members to use the company-owned Zipcar fleet at an hourly rate. The company's largest region by revenue is the Americas.
Executives
| Joseph A. Ferraro |
officer: President, Americas |
6 SYLVAN WAY, PARSIPPANY NJ 07054 |
| Izilda P Martins |
officer: Sr VP and Acting CAO |
6 SYLVAN WAY, PARSIPPANY NJ 07054 |
| Patrick K Rankin |
officer: President, International |
6 SYLVAN WAY, PARSIPPANY NJ 07054 |
| Lynn Krominga |
director |
6 SYLVAN WAY, PARSIPPANY NJ 07054 |
| Edward P Linnen |
officer: SVP, Chief HR Officer |
6 SYLVAN WAY, PARSIPPANY NJ 07054 |
| Bernardo Hees |
director |
C/O BUNGE LIMITED, 1391 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017 |
| Karthik R. Sarma |
director, 10 percent owner |
ONE BRYANT PARK, 39TH FLOOR, NEW YORK NY 10036 |
| Jean M Sera |
officer: SVP, GC & Corp. Sec. |
AVIS BUDGET GROUP, 6 SYLVAN WAY, PARSIPPANY NJ 07054 |
| Glenn Lurie |
director |
C/O SYNCHRONOSS TECHNOLOGIES, INC., 200 CROSSING BLVD., BRIDGEWATER NJ 08807 |
| Ravi Simhambhatla |
officer: EVP, CDIO - see remarks |
6 SYLVAN WAY, AVIS BUDGET GROUP, INC., PARSIPPANY NJ 07054 |
| Anu Hariharan |
director |
2550 SAND HILL ROAD, SUITE 150, MENLO PARK CA 94025 |
| Cathleen Degenova |
officer: Chief Accounting Officer |
6 SYLVAN WAY, PARSIPPANY NJ 07054 |
| Veresh Sita |
officer: EVP, CDIO (1) |
6 SYLVAN WAY, AVIS BUDGET GROUP, INC., PARSIPPANY NJ 07054 |
| Brian J Choi |
director |
C/O SRS INVESTMENT MANAGEMENT, LLC, ONE BRYANT PARK, 39TH FLOOR, NEW YORK NY 10036 |
| Srs Investment Management, Llc |
10 percent owner |
1 BRYANT PARK, 39TH FLOOR, NEW YORK NY 10036 |
Avis Budget Group (Avis Budget Group) Headlines
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