Avis Budget Group (Avis Budget Group) Interest Expense : $-296 Mil (TTM As of Dec. 2023)

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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 Dec. 2023 was $ -75 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-296 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 Dec. 2023 was $ 247 Mil. Avis Budget Group's Interest Expense for the three months ended in Dec. 2023 was $ -75 Mil. Avis Budget Group's Interest Coverage for the quarter that ended in Dec. 2023 was 3.29. 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 Historical Data

The historical data trend for Avis Budget Group's Interest Expense 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 Interest Expense Chart

Avis Budget Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-178.00

-231.00

-218.00

-250.00

-296.00

Avis Budget Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-69.00	-73.00	-68.00	-80.00	-75.00

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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-296 Mil.

Avis Budget Group (NAS:CAR) Interest Expense Explanation

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 Dec. 2023 was $-75 Mil. Its Operating Income for the three months ended in Dec. 2023 was $247 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $25,845 Mil.

Avis Budget Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	247	/	-75
	=	3.29

The higher the ratio, the stronger the company's financial strength is.

Avis Budget Group (Avis Budget Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Avis Budget Group Inc (NAS:CAR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CAR:Mexico CUCA:Germany CAR:Argentina

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.

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