Avis Budget Group (STU:CUCA) LT-Debt-to-Total-Asset : 0.79 (As of Mar. 2024)

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What is Avis Budget Group LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Avis Budget Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.79.

Avis Budget Group's long-term debt to total assets ratio increased from Mar. 2023 (0.78) to Mar. 2024 (0.79). It may suggest that Avis Budget Group is progressively becoming more dependent on debt to grow their business.

Avis Budget Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Avis Budget Group's LT-Debt-to-Total-Asset can be seen below:

* 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.

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Avis Budget Group LT-Debt-to-Total-Asset Chart

Avis Budget Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.72

0.75

0.77

0.78

0.79

Avis Budget Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.78	0.78	0.79	0.79	0.79

Avis Budget Group LT-Debt-to-Total-Asset Calculation

Avis Budget Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	23699.865	/	29865.773
	=	0.79

Avis Budget Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	24339.52	/	30845.76
	=	0.79

Avis Budget Group (STU:CUCA) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Avis Budget Group LT-Debt-to-Total-Asset Related Terms

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Avis Budget Group (STU:CUCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Avis Budget Group Inc (STU:CUCA) » Definitions » LT-Debt-to-Total-Asset

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Address

6 Sylvan Way, Parsippany, NJ, USA, 07054

Website

https://www.avisbudgetgroup.com

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.

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