54/100B73.830
USD
0.85
(1.16%)
Post Trading·73.850USD+0.020(+0.03%)
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Carvana total debt 2014–2026What is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
Carvana's total debt was 5.62B USD on 30 September 2026, down 2.3% on a year before. At the end of fiscal year 2025 it was 5.52B USD.
Last updated 12 Nov 2026 · Next report 17 Feb 2027
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest quarter | 30 Sept 2026 | 5.62B | -2.30% | 3.05B | -2.57B | 1.29 |
| FY2025 | 31 Dec 2025 | 5.52B | -8.68% | 2.81B | -2.71B | 1.60 |
| FY2024 | 31 Dec 2024 | 6.05B | -9.84% | 2.18B | -3.87B | 4.80 |
| FY2023 | 31 Dec 2023 | 6.71B | -23.93% | 896.00M | -5.81B | 27.60 |
| FY2022 | 31 Dec 2022 | 8.82B | +52.68% | 755.00M | -8.06B | — |
| FY2021 | 31 Dec 2021 | 5.77B | +208.77% | 785.00M | -4.99B | 18.87 |
| FY2020 | 31 Dec 2020 | 1.87B | +15.67% | 432.00M | -1.44B | 4.82 |
| FY2019 | 31 Dec 2019 | 1.62B | +155.22% | 174.80M | -1.44B | 16.48 |
| FY2018 | 31 Dec 2018 | 633.45M | +109.48% | 78.86M | -554.58M | 8.63 |
| FY2017 | 31 Dec 2017 | 302.39M | +77.07% | 172.68M | -129.71M | 2.40 |
| FY2016 | 31 Dec 2016 | 170.77M | +303.70% | 39.18M | -131.59M | 1.26 |
| FY2015 | 31 Dec 2015 | 42.30M | +143.52% | 43.13M | 832.00K | 0.65 |
| FY2014 | 31 Dec 2014 | 17.37M | — | 6.93M | -10.44M | 0.85 |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 5.62B | -2.30% | 3.05B | -2.57B | 1.29 |
| Q2 FY2026 | 30 Jun 2026 | 5.62B | -7.99% | 3.13B | -2.49B | 1.40 |
| Q1 FY2026 | 31 Mar 2026 | 5.55B | -8.22% | 2.90B | -2.64B | 1.49 |
| Q4 FY2025 | 31 Dec 2025 | 5.52B | -8.68% | 2.81B | -2.71B | 1.60 |
| Q3 FY2025 | 30 Sept 2025 | 5.75B | -6.46% | 2.71B | -3.04B | 2.52 |
| Q2 FY2025 | 30 Jun 2025 | 6.11B | -0.62% | 2.32B | -3.79B | 3.53 |
| Q1 FY2025 | 31 Mar 2025 | 6.04B | -6.12% | 2.33B | -3.71B | 4.02 |
| Q4 FY2024 | 31 Dec 2024 | 6.05B | -9.84% | 2.18B | -3.87B | 4.80 |
| Q3 FY2024 | 30 Sept 2024 | 6.15B | -5.01% | 1.33B | -4.81B | 10.06 |
| Q2 FY2024 | 30 Jun 2024 | 6.15B | -26.57% | 963.00M | -5.18B | 11.69 |
| Q1 FY2024 | 31 Mar 2024 | 6.44B | -28.08% | 640.00M | -5.80B | 22.27 |
| Q4 FY2023 | 31 Dec 2023 | 6.71B | -23.93% | 896.00M | -5.81B | 27.60 |
| Q3 FY2023 | 30 Sept 2023 | 6.47B | -19.87% | 987.00M | -5.48B | 19.08 |
| Q2 FY2023 | 30 Jun 2023 | 8.37B | -2.38% | 876.00M | -7.50B | — |
| Q1 FY2023 | 31 Mar 2023 | 8.95B | +33.11% | 800.00M | -8.15B | — |
| Q4 FY2022 | 31 Dec 2022 | 8.82B | +52.68% | 755.00M | -8.06B | — |
| Q3 FY2022 | 30 Sept 2022 | 8.07B | +106.00% | 666.00M | -7.41B | 29.46 |
| Q2 FY2022 | 30 Jun 2022 | 8.58B | +165.64% | 1.45B | -7.13B | 15.91 |
| Q1 FY2022 | 31 Mar 2022 | 6.72B | +159.41% | 663.00M | -6.06B | 84.05 |
| Q4 FY2021 | 31 Dec 2021 | 5.77B | +208.77% | 785.00M | -4.99B | 18.87 |
| Q3 FY2021 | 30 Sept 2021 | 3.92B | +179.48% | 609.00M | -3.31B | 10.18 |
| Q2 FY2021 | 30 Jun 2021 | 3.23B | +166.26% | 440.00M | -2.79B | 8.01 |
| Q1 FY2021 | 31 Mar 2021 | 2.59B | +32.15% | 547.00M | -2.05B | 7.10 |
| Q4 FY2020 | 31 Dec 2020 | 1.87B | +15.67% | 432.00M | -1.44B | 4.82 |
| Q3 FY2020 | 30 Sept 2020 | 1.40B | +20.23% | 285.84M | -1.12B | 3.26 |
| Q2 FY2020 | 30 Jun 2020 | 1.21B | +36.32% | 362.86M | -849.49M | 2.85 |
| Q1 FY2020 | 31 Mar 2020 | 1.96B | +95.40% | 191.36M | -1.77B | 45.50 |
| Q4 FY2019 | 31 Dec 2019 | 1.62B | +155.22% | 174.80M | -1.44B | 16.48 |
| Q3 FY2019 | 30 Sept 2019 | 1.17B | +46.54% | 170.78M | -995.51M | 11.05 |
| Q2 FY2019 | 30 Jun 2019 | 889.32M | +106.52% | 85.39M | -803.93M | 6.65 |
| Q1 FY2019 | 31 Mar 2019 | 1.00B | +138.17% | 104.85M | -898.94M | 18.33 |
| Q4 FY2018 | 31 Dec 2018 | 633.45M | +109.48% | 78.86M | -554.58M | 8.63 |
| Q3 FY2018 | 30 Sept 2018 | 795.89M | +270.49% | 439.79M | -356.10M | 7.29 |
| Q2 FY2018 | 30 Jun 2018 | 430.62M | +140.58% | 199.19M | -231.43M | 2.63 |
| Q1 FY2018 | 31 Mar 2018 | 421.46M | +94.62% | 121.50M | -299.96M | 3.50 |
| Q4 FY2017 | 31 Dec 2017 | 302.39M | +77.07% | 172.68M | -129.71M | 2.40 |
| Q3 FY2017 | 30 Sept 2017 | 214.82M | +137.28% | 103.45M | -111.37M | 7.63 |
| Q2 FY2017 | 30 Jun 2017 | 178.99M | — | 144.43M | -34.56M | 5.73 |
| Q1 FY2017 | 31 Mar 2017 | 216.56M | — | 8.31M | -208.25M | 2.24 |
| Q4 FY2016 | 31 Dec 2016 | 170.77M | +303.70% | 39.18M | -131.59M | 1.26 |
| Q3 FY2016 | 30 Sept 2016 | 90.53M | — | 80.35M | -10.18M | — |
| Q1 FY2016 | 31 Mar 2016 | 0.00 | — | 43.13M | 43.13M | — |
| Q4 FY2015 | 31 Dec 2015 | 42.30M | — | 43.13M | 832.00K | 0.65 |
Figures in USD at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Balance sheet
Common questions about Carvana's debt
Source: Financial Modeling PrepVerified against SEC filings