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Carvana CVNA Cash ratio

Cash ratio at other companies

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CopartCPRT
4.9×+1.3×
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Rivian Automotive, Inc.RIVN
0.8×-0.8×
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0.2×0.0×
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0.1×0.0×

Other financials

Income statement

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Revenue$6.4B+52.0%
Gross profit$1.3B+36.8%
Operating income$581.0M+47.5%
Net income$250.0M+15.7%

Balance sheet

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Cash & equivalents$2.5B+31.9%
Total debt$5.7B-8.4%
Total equity$3.7B+147%
Total assets$13.8B+55.1%

Cash flow

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Operating cash flow$107.0M-53.9%
CapEx$51.0M+88.9%
Free cash flow$56.0M-72.7%

Valuation

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Market cap$47.68B+60.0%
Enterprise value$50.85B+48.6%
P/E33.1×-41.8×
P/S2.1×+0.1×

Profitability

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Gross margin20.1%-1.5pp
Operating margin9.2%+0.8pp
Net margin6.4%+3.7pp

Returns & leverage

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Return on equity55.2%+10.8pp
Debt / equity1.5×-2.6×
Current ratio4.1×+0.3×

Where this comes from

Calculated from Carvana’s reported figures.

Based on the most recent quarter.

The official record: Carvana’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Carvana's cash ratio?
Carvana (CVNA) reported cash ratio of 1.4× in Q1 2026.
How has Carvana's cash ratio changed year-over-year?
Carvana's cash ratio increased by 0.9% year-over-year, from 1.4× to 1.4×.
What is the long-term trend for Carvana's cash ratio?
Over 4 years (2021 to 2025), Carvana's cash ratio has grown at a 43.5% compound annual growth rate (CAGR), from 1.4× to 5.8×.
What does cash ratio mean?
How much of its short-term bills the company could pay with cash on hand right now.
How do you interpret cash ratio?
A buffer against stress, but persistently high cash ratios can indicate under-deployed capital. Interpret alongside the company's capital-allocation strategy.
How does cash ratio compare across companies?
Varies widely by business model and treasury policy; best read against the company's own history.