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Carvana CVNA Current ratio

Current ratio at other companies

Copart logo
CopartCPRT
7.6×-0.5×
Rivian Automotive, Inc. logo
Rivian Automotive, Inc.RIVN
2.1×-1.6×
Ford Motor Company logo
Ford Motor CompanyF
1.1×0.0×
Casey's General Stores logo
Casey's General StoresCASY
+0.1×
S&P Global logo
S&P GlobalSPGI
0.7×-0.2×
Caterpillar logo
CaterpillarCAT
1.4×0.0×

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×

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 current ratio?
Carvana (CVNA) reported current ratio of 4.1× in Q1 2026.
How has Carvana's current ratio changed year-over-year?
Carvana's current ratio increased by 7.2% year-over-year, from 3.8× to 4.1×.
What is the long-term trend for Carvana's current ratio?
Over 4 years (2021 to 2025), Carvana's current ratio has grown at a 10.6% compound annual growth rate (CAGR), from 10.8× to 16.2×.
What does current ratio mean?
Whether the company has enough short-term assets to cover its short-term bills.
How do you interpret current ratio?
Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.
How does current ratio compare across companies?
Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.