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Avis Budget Group (Avis Budget Group) Cash-to-Debt

: 0.02 (As of Dec. 2023)
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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Avis Budget Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.02.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Avis Budget Group couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Avis Budget Group's Cash-to-Debt or its related term are showing as below:

CAR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02   Med: 0.04   Max: 0.06
Current: 0.02

During the past 13 years, Avis Budget Group's highest Cash to Debt Ratio was 0.06. The lowest was 0.02. And the median was 0.04.

CAR's Cash-to-Debt is ranked worse than
96.44% of 1068 companies
in the Business Services industry
Industry Median: 0.995 vs CAR: 0.02

Avis Budget Group Cash-to-Debt Historical Data

The historical data trend for Avis Budget Group's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Avis Budget Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.05 0.03 0.03 0.02

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
Cash-to-Debt Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.03 0.02 0.02 0.02

Competitive Comparison

For the Rental & Leasing Services subindustry, Avis Budget Group's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Avis Budget Group Cash-to-Debt Distribution

For the Business Services industry and Industrials sector, Avis Budget Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Avis Budget Group's Cash-to-Debt falls into.



Avis Budget Group Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Avis Budget Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Avis Budget Group's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

* 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) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.


Avis Budget Group Cash-to-Debt Related Terms

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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