Carvana Debt to Equity Ratio 2015-2025 | CVNA

Current and historical debt to equity ratio values for Carvana (CVNA) over the last 10 years. The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. Carvana debt/equity for the three months ending September 30, 2025 was 1.63.
Carvana Debt/Equity Ratio Historical Data
Date Long Term Debt Shareholder's Equity Debt to Equity Ratio
2025-09-30 $6.90B $2.95B 2.34
2025-06-30 $7.25B $2.12B 3.42
2025-03-31 $7.11B $1.77B 4.01
2024-12-31 $7.11B $1.38B 5.17
2024-09-30 $7.08B $0.29B 24.76
2024-06-30 $7.06B $0.12B 61.35
2024-03-31 $7.29B $-0.31B -23.45
2023-12-31 $7.46B $-0.38B -19.41
2023-09-30 $7.23B $-0.20B -35.78
2023-06-30 $9.26B $-1.41B -6.58
2023-03-31 $9.97B $-1.32B -7.54
2022-12-31 $9.75B $-1.05B -9.26
2022-09-30 $9.25B $0.37B 24.73
2022-06-30 $9.64B $0.86B 11.16
2022-03-31 $7.53B $0.05B 144.87
2021-12-31 $6.49B $0.53B 12.36
2021-09-30 $4.65B $0.71B 6.57
2021-06-30 $3.81B $0.77B 4.95
2021-03-31 $3.10B $0.72B 4.30
2020-12-31 $2.23B $0.80B 2.78
2020-09-30 $1.77B $0.96B 1.84
2020-06-30 $1.50B $0.97B 1.55
2020-03-31 $2.23B $0.01B 168.30
2019-12-31 $1.87B $0.19B 9.72
2019-09-30 $1.37B $0.31B 4.41
2019-06-30 $1.08B $0.39B 2.74
2019-03-31 $1.19B $0.15B 7.76
2018-12-31 $0.76B $0.23B 3.36
2018-09-30 $0.91B $0.31B 2.95
2018-06-30 $0.52B $0.36B 1.46
2018-03-31 $0.49B $0.23B 2.18
2017-12-31 $0.36B $0.28B 1.29
2017-09-30 $0.27B $0.23B 1.18
2017-06-30 $0.22B $0.27B 0.83
2017-03-31 $0.51B $-0.16B -3.16
2016-12-31 $0.45B $-0.12B -3.90
2016-09-30 $0.00B $0.00B 0.00
2016-06-30 $0.00B $0.00B 0.00
2016-03-31 $0.00B $0.00B 0.00
2015-12-31 $0.14B $0.00B -49.23
2014-12-31 $0.00B $0.00B 0.00
Sector Industry Market Cap Revenue
Retail/Wholesale Internet Commerce $74.865B $13.673B
Carvana Co. is a leading e-commerce platform for buying and selling used cars. Carvana's end-to-end online business model that covers every aspect of used-car retailing - including sales, financing, logistics, inspection and repair centers, as well as software development - has transformed traditional used-car sales in several ways. With a mission of changing the way people buy cars, Carvana is harnessing the power of digitization and applying it to the auto industry. It is changing customers' shopping experience by letting them find the perfect car from the comfort of homes without having to haggle with sales people. Thanks to advanced technology, customers can browse through its broad inventory of high-quality used cars and get a clear and complete view of the interior and exterior of each car. Once the customers make their selection, the vehicle is either delivered to their home as soon as the next day or available for pick up at a car vending machine.
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