Avis Budget Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $608 Mil. Avis Budget Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $25,845 Mil. Avis Budget Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-349 Mil.
Avis Budget Group's debt to equity for the quarter that ended in Dec. 2023 was -75.80.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Avis Budget Group's Debt-to-Equity or its related term are showing as below:
CAR'
s Debt-to-Equity Range Over the Past 10 Years
Min: -88.12 Med: 19.76 Max: 56.11
Current: -75.8
During the past 13 years, the highest Debt-to-Equity Ratio of Avis Budget Group was 56.11. The lowest was -88.12. And the median was 19.76.
Avis Budget Group Debt-to-Equity Historical Data
The historical data trend for Avis Budget Group's Debt-to-Equity 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.
|
Avis Budget Group Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Debt-to-Equity |
|
|
|
|
|
|
26.10 |
-88.12 |
-80.93 |
-29.76 |
-75.80 |
|
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 |
| Debt-to-Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-29.76 |
-49.23 |
-194.27 |
-791.46 |
-75.80 |
Competitive Comparison
For the Rental & Leasing Services subindustry, Avis Budget Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution
For the Business Services industry and Industrials sector, Avis Budget Group's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Avis Budget Group's Debt-to-Equity falls into.
Avis Budget Group Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Avis Budget Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Avis Budget Group's Debt to Equity 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 (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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