Carvana (CVNA) Debt Ratio (2016 - 2026)
Carvana's (CVNA) Debt Ratio stood at 0.34 in Q3 2026, down 34.8% from 0.53 a year earlier and down 4.4% from the prior quarter.
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Analysis
Carvana (CVNA) Debt Ratio (2016 - 2026) Analysis & Trends
For FY2025, Carvana's Debt Ratio came in at 0.39, down 41.6% from FY2024.
- Annual Debt Ratio has declined for three straight years.
- Across earlier years, Debt Ratio came in at 0.66 in FY2024 (-25.2%), 0.89 in FY2023 (-7.1%), 0.96 in FY2022 (+23.8%) and 0.77 in FY2021 (+36.0%).
- The Q3 2026 figure is the lowest quarterly Debt Ratio in data going back to Q4 2016.
- On a year-over-year basis, Debt Ratio has declined for 12 consecutive quarters, with an average decline of 33.2% over the last eight quarters.
- Peak year-over-year performance for Debt Ratio in the last five years was growth of 36.0% in Q4 2021, against a decline of 41.6% in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.36 (Q2 2026), 0.37 (Q1 2026) and 0.39 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,583.91 Bn | 2,583.91 Bn | - | - |
| 2 | Home Depot | 327.32 Bn | 320.57 Bn | 16.12 Bn | 0.48 |
| 3 | Tjx Companies | 155.16 Bn | 132.70 Bn | 5.07 Bn | 0.08 |
| 4 | Lowes Companies | 116.41 Bn | 109.37 Bn | 8.58 Bn | 0.67 |
| 5 | O Reilly Automotive | 72.96 Bn | 72.96 Bn | 2.68 Bn | - |
| 6 | Ross Stores | 72.59 Bn | 55.51 Bn | 2.12 Bn | 0.06 |
| 7 | Target | 69.63 Bn | 64.22 Bn | 8.94 Bn | 0.25 |
| 8 | Autozone | 52.04 Bn | 50.89 Bn | 3.52 Bn | 0.42 |
| 9 | Carvana | 49.71 Bn | 39.29 Bn | 1.52 Bn | 0.34 |
| 10 | JD.com | 36.48 Bn | -83.72 Bn | 8.74 Bn | 0.02 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.34 |
| Jun 30, 2026 | 0.36 |
| Mar 31, 2026 | 0.37 |
| Dec 31, 2025 | 0.39 |
| Sep 30, 2025 | 0.53 |
| Jun 30, 2025 | 0.61 |
| Mar 31, 2025 | 0.64 |
| Dec 31, 2024 | 0.66 |
| Sep 30, 2024 | 0.78 |
| Jun 30, 2024 | 0.80 |
| Mar 31, 2024 | 0.86 |
| Dec 31, 2023 | 0.89 |
| Sep 30, 2023 | 0.84 |
| Jun 30, 2023 | 1.01 |
| Mar 31, 2023 | 0.98 |
| Dec 31, 2022 | 0.96 |
| Sep 30, 2022 | 0.77 |
| Jun 30, 2022 | 0.76 |
| Mar 31, 2022 | 0.82 |
| Dec 31, 2021 | 0.77 |
API Access
Carvana Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=CVNA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "CVNA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=CVNA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();