How much debt does Carvana have?
According to Carvana's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Carvana's total debt stands at $723.00M. This is broken down into:
- Long-term debt: $414.00M
- Short-term debt: $309.00M
The company's net debt, which accounts for cash and cash equivalents, is $-993.00M. In terms of overall financial obligations, Carvana's total liabilities amount to $7.11B.
Debt Ratios and Metrics
To better understand Carvana's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.57 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 8.52% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 1.52 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 24.73% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 36.46% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Carvana's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$723.00M
Long-term Debt
$414.00M
Short-term Debt
$309.00M
Net Debt
$-993.00M
Total Liabilities
$7.11B
Interest Coverage
1.52
Debt to Equity Ratio
0.57
Debt Ratio
8.52%
Carvana Historical Debt Metrics
Carvana Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $723.00M | $414.00M | $309.00M | $-993.00M | $7.11B | 0.57 | 8.52% | 1.52 | 24.73% | 36.46% |
| 2023 | $6.71B | $5.85B | $857.00M | $6.18B | $7.46B | 27.60 | 94.84% | -0.11 | 95.71% | 96.50% |
| 2022 | $8.82B | $7.59B | $1.74B | $8.38B | $9.75B | -17.02 | 101.36% | -3.21 | 107.89% | 106.24% |
| 2021 | $5.77B | $3.93B | $2.21B | $5.37B | $6.49B | 18.87 | 82.31% | -0.63 | 92.10% | 94.97% |
| 2020 | $1.87B | $1.76B | $108.79M | $1.57B | $2.23B | 4.83 | 61.73% | -2.52 | 79.82% | 82.86% |
| 2019 | $1.62B | $1.12B | $617.57M | $1.54B | $1.87B | 16.48 | 78.57% | -3.52 | 91.06% | 94.28% |
| 2018 | $633.45M | $438.55M | $208.10M | $554.58M | $763.59M | 8.63 | 63.92% | -9.14 | 85.28% | 89.61% |
| 2017 | $302.39M | $48.47M | $253.92M | $129.71M | $361.59M | 2.40 | 47.16% | -20.28 | 27.82% | 70.63% |
| 2016 | $170.77M | $4.40M | $1.06M | $131.59M | $200.82M | 1.26 | 50.85% | -24.95 | 3.16% | 55.85% |
| 2015 | $42.30M | $- | $42.30M | $-832.00K | $70.81M | 0.65 | 31.10% | -25.02 | 0.00% | 39.35% |
Related Metrics
Explore detailed financial metrics and analysis for CVNA.