Avis Total Assets vs Cash Analysis

CAR Stock

USD 108.21 0.02 0.02%

Avis Budget financial indicator trend analysis is way more than just evaluating Avis Budget Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avis Budget Group is a good investment. Please check the relationship between Avis Budget Total Assets and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avis Budget Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Total Assets vs Cash

Total Assets vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avis Budget Group Total Assets account and Cash. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Avis Budget's Total Assets and Cash is 0.51. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Avis Budget Group, assuming nothing else is changed. The correlation between historical values of Avis Budget's Total Assets and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Avis Budget Group are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Assets i.e., Avis Budget's Total Assets and Cash go up and down completely randomly.

Correlation Coefficient

0.51

Relationship Direction	Positive
Relationship Strength	Weak

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Total Assets

Total assets refers to the total amount of Avis Budget assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Avis Budget Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Cash

Cash refers to the most liquid asset of Avis Budget Group, which is listed under current asset account on Avis Budget Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Avis Budget customers. The amounts must be unrestricted with restricted cash listed in a different Avis Budget account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Avis Budget's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avis Budget Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avis Budget Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

At this time, Avis Budget's Tax Provision is relatively stable compared to the past year. As of 06/10/2024, Enterprise Value is likely to grow to about 21.5 B, while Selling General Administrative is likely to drop slightly above 1.2 B.

	2021	2022	2023	2024 (projected)
Gross Profit	7.8B	10.8B	3.9B	4.6B
Total Revenue	9.3B	12.0B	12.0B	7.0B

Gross Profit Total Revenue

Avis Budget fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Common Stock	Other Liab
Total Assets		0.99	0.82	0.88	-0.47	0.99	0.99	0.7	0.51	1.0	0.77	0.51	0.72	-0.05	1.0	0.79	-0.67	1.0	0.97	0.76	0.76	0.36	0.92	-0.66	-0.66	-0.76
Short Long Term Debt Total	0.99		0.79	0.88	-0.56	1.0	1.0	0.77	0.44	1.0	0.73	0.44	0.68	-0.16	1.0	0.78	-0.74	1.0	0.99	0.7	0.81	0.27	0.91	-0.58	-0.58	-0.71
Other Current Liab	0.82	0.79		0.84	-0.2	0.77	0.78	0.39	0.62	0.8	0.54	0.62	0.9	0.09	0.8	0.54	-0.36	0.81	0.73	0.85	0.49	0.62	0.64	-0.73	-0.73	-0.82
Total Current Liabilities	0.88	0.88	0.84		-0.45	0.86	0.87	0.48	0.68	0.88	0.46	0.68	0.83	-0.01	0.87	0.58	-0.48	0.88	0.84	0.82	0.78	0.5	0.74	-0.77	-0.77	-0.86
Total Stockholder Equity	-0.47	-0.56	-0.2	-0.45		-0.56	-0.57	-0.8	0.24	-0.49	-0.12	0.24	-0.08	0.71	-0.51	-0.31	0.86	-0.51	-0.63	0.05	-0.75	0.41	-0.45	-0.09	-0.09	0.06
Property Plant And Equipment Net	0.99	1.0	0.77	0.86	-0.56		1.0	0.78	0.42	0.99	0.73	0.42	0.65	-0.16	0.99	0.78	-0.75	0.99	0.99	0.67	0.81	0.24	0.91	-0.57	-0.57	-0.68
Net Debt	0.99	1.0	0.78	0.87	-0.57	1.0		0.78	0.42	0.99	0.73	0.42	0.67	-0.18	1.0	0.78	-0.75	1.0	0.99	0.68	0.81	0.25	0.91	-0.57	-0.57	-0.69
Retained Earnings	0.7	0.77	0.39	0.48	-0.8	0.78	0.78		-0.16	0.73	0.49	-0.16	0.2	-0.66	0.74	0.64	-0.99	0.73	0.83	0.12	0.73	-0.37	0.65	0.04	0.04	-0.12
Cash	0.51	0.44	0.62	0.68	0.24	0.42	0.42	-0.16		0.48	0.33	1.0	0.72	0.56	0.47	0.29	0.18	0.48	0.34	0.9	0.24	0.84	0.45	-0.89	-0.89	-0.85
Non Current Assets Total	1.0	1.0	0.8	0.88	-0.49	0.99	0.99	0.73	0.48		0.77	0.48	0.7	-0.08	1.0	0.8	-0.7	1.0	0.98	0.73	0.77	0.33	0.92	-0.63	-0.63	-0.74
Non Currrent Assets Other	0.77	0.73	0.54	0.46	-0.12	0.73	0.73	0.49	0.33	0.77		0.33	0.46	0.25	0.77	0.73	-0.42	0.76	0.69	0.59	0.35	0.38	0.86	-0.53	-0.53	-0.58
Cash And Short Term Investments	0.51	0.44	0.62	0.68	0.24	0.42	0.42	-0.16	1.0	0.48	0.33		0.72	0.56	0.47	0.29	0.18	0.48	0.34	0.9	0.24	0.84	0.45	-0.89	-0.89	-0.85
Net Receivables	0.72	0.68	0.9	0.83	-0.08	0.65	0.67	0.2	0.72	0.7	0.46	0.72		0.17	0.7	0.5	-0.17	0.71	0.59	0.92	0.41	0.71	0.56	-0.8	-0.8	-0.88
Common Stock Shares Outstanding	-0.05	-0.16	0.09	-0.01	0.71	-0.16	-0.18	-0.66	0.56	-0.08	0.25	0.56	0.17		-0.1	-0.12	0.69	-0.09	-0.23	0.42	-0.44	0.75	0.05	-0.61	-0.61	-0.45
Non Current Liabilities Total	1.0	1.0	0.8	0.87	-0.51	0.99	1.0	0.74	0.47	1.0	0.77	0.47	0.7	-0.1		0.8	-0.71	1.0	0.98	0.73	0.77	0.32	0.92	-0.62	-0.62	-0.73
Other Current Assets	0.79	0.78	0.54	0.58	-0.31	0.78	0.78	0.64	0.29	0.8	0.73	0.29	0.5	-0.12	0.8		-0.6	0.79	0.76	0.54	0.49	0.2	0.67	-0.42	-0.42	-0.5
Other Stockholder Equity	-0.67	-0.74	-0.36	-0.48	0.86	-0.75	-0.75	-0.99	0.18	-0.7	-0.42	0.18	-0.17	0.69	-0.71	-0.6		-0.7	-0.81	-0.08	-0.75	0.4	-0.61	-0.07	-0.07	0.09
Total Liab	1.0	1.0	0.81	0.88	-0.51	0.99	1.0	0.73	0.48	1.0	0.76	0.48	0.71	-0.09	1.0	0.79	-0.7		0.98	0.73	0.78	0.33	0.92	-0.63	-0.63	-0.74
Property Plant And Equipment Gross	0.97	0.99	0.73	0.84	-0.63	0.99	0.99	0.83	0.34	0.98	0.69	0.34	0.59	-0.23	0.98	0.76	-0.81	0.98		0.6	0.82	0.15	0.89	-0.49	-0.49	-0.62
Total Current Assets	0.76	0.7	0.85	0.82	0.05	0.67	0.68	0.12	0.9	0.73	0.59	0.9	0.92	0.42	0.73	0.54	-0.08	0.73	0.6		0.37	0.82	0.66	-0.93	-0.93	-0.95
Short Term Debt	0.76	0.81	0.49	0.78	-0.75	0.81	0.81	0.73	0.24	0.77	0.35	0.24	0.41	-0.44	0.77	0.49	-0.75	0.78	0.82	0.37		-0.04	0.69	-0.29	-0.29	-0.43
Intangible Assets	0.36	0.27	0.62	0.5	0.41	0.24	0.25	-0.37	0.84	0.33	0.38	0.84	0.71	0.75	0.32	0.2	0.4	0.33	0.15	0.82	-0.04		0.31	-0.89	-0.89	-0.84
Accounts Payable	0.92	0.91	0.64	0.74	-0.45	0.91	0.91	0.65	0.45	0.92	0.86	0.45	0.56	0.05	0.92	0.67	-0.61	0.92	0.89	0.66	0.69	0.31		-0.61	-0.61	-0.7
Common Stock Total Equity	-0.66	-0.58	-0.73	-0.77	-0.09	-0.57	-0.57	0.04	-0.89	-0.63	-0.53	-0.89	-0.8	-0.61	-0.62	-0.42	-0.07	-0.63	-0.49	-0.93	-0.29	-0.89	-0.61		1.0	0.98
Common Stock	-0.66	-0.58	-0.73	-0.77	-0.09	-0.57	-0.57	0.04	-0.89	-0.63	-0.53	-0.89	-0.8	-0.61	-0.62	-0.42	-0.07	-0.63	-0.49	-0.93	-0.29	-0.89	-0.61	1.0		0.98
Other Liab	-0.76	-0.71	-0.82	-0.86	0.06	-0.68	-0.69	-0.12	-0.85	-0.74	-0.58	-0.85	-0.88	-0.45	-0.73	-0.5	0.09	-0.74	-0.62	-0.95	-0.43	-0.84	-0.7	0.98	0.98

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Avis Budget Account Relationship Matchups

Avis Budget fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	23.1B	17.5B	22.6B	25.9B	33.4B	35.1B
Short Long Term Debt Total	17.1B	13.7B	17.8B	20.9B	26.5B	27.8B
Other Current Liab	1.2B	662M	1.3B	1.3B	1.4B	1.1B
Total Current Liabilities	2.2B	2.1B	2.4B	2.6B	2.7B	2.1B
Total Stockholder Equity	656M	(155M)	(220M)	(703M)	(349M)	(331.6M)
Property Plant And Equipment Net	15.2B	11.1B	15.6B	18.6B	23.9B	25.1B
Net Debt	16.4B	13.0B	17.3B	20.3B	25.9B	27.2B
Retained Earnings	(785M)	(1.5B)	(185M)	2.6B	3.9B	4.0B
Cash	615M	686M	692M	570M	559M	526.0M
Non Current Assets Total	21.0B	15.7B	20.8B	24.0B	31.3B	32.8B
Non Currrent Assets Other	1.5B	877M	858M	1.3B	2.2B	3.8B
Cash And Short Term Investments	615M	686M	692M	570M	559M	526.0M
Net Receivables	1.1B	794M	1.0B	952M	1.1B	834.3M
Common Stock Shares Outstanding	75.7M	70.5M	66.1M	48.4M	38.8M	77.3M
Liabilities And Stockholders Equity	23.1B	17.5B	22.6B	25.9B	33.4B	35.1B
Non Current Liabilities Total	20.2B	15.6B	20.4B	24.1B	31.1B	32.7B
Other Current Assets	141M	148M	95M	112M	488M	322.8M
Other Stockholder Equity	1.6B	1.5B	97M	(3.2B)	(4.1B)	(3.9B)
Total Liab	22.5B	17.7B	22.8B	26.6B	33.8B	35.5B
Property Plant And Equipment Gross	15.2B	11.1B	19.1B	22.3B	28.1B	29.5B
Total Current Assets	2.1B	1.8B	1.8B	1.9B	2.1B	2.0B
Accumulated Other Comprehensive Income	(133M)	(157M)	(187M)	(101M)	(96M)	(100.8M)
Short Term Debt	498M	533M	515M	582M	608M	638.4M
Intangible Assets	798M	774M	724M	666M	670M	636.5M
Accounts Payable	378M	394M	407M	466M	487M	783.8M
Other Liab	730M	662M	598M	554M	498.6M	473.7M
Other Assets	1.8B	4.0B	1.9B	1.7B	1.5B	2.0B
Long Term Debt	3.4B	4.2B	4.0B	4.6B	23.7B	24.9B
Good Will	1.1B	1.1B	1.1B	1.1B	1.1B	1.0B
Inventory	234M	161M	205M	252M	226.8M	301.9M
Treasury Stock	(5.1B)	(5.1B)	(5.2B)	(6.6B)	(5.9B)	(6.2B)
Property Plant Equipment	792M	657M	537M	594M	534.6M	507.9M
Current Deferred Revenue	125M	464M	185M	188M	168M	311.3M
Net Tangible Assets	12.6B	6.9B	(2.1B)	13.3B	15.2B	8.0B
Retained Earnings Total Equity	(785M)	(1.5B)	(185M)	2.6B	3.0B	3.1B

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Avis Total Assets vs Cash Analysis

Total Assets vs Cash

Total Assets vs Cash Correlation Analysis

Correlation Coefficient

Total Assets

Cash

Avis Budget fundamental ratios Correlations

Avis Budget Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Avis Budget fundamental ratios Accounts

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Additional Tools for Avis Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Short Long Term Debt Total
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Short Long Term Debt Total

Other Stockholder Equity	- 0.99	Retained Earnings
Other Liab	- 0.95	Total Current Assets
Common Stock	- 0.93	Total Current Assets
Common Stock Total Equity	- 0.93	Total Current Assets
Common Stock	- 0.89	Intangible Assets
Common Stock Total Equity	- 0.89	Intangible Assets