Hertz Global Holdings Inc (HTZ)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,133,000 | 764,000 | 943,000 | 2,258,000 | 1,096,000 |
| Short-term investments | US$ in thousands | — | 10,000 | 140,000 | — | — |
| Total current liabilities | US$ in thousands | 642,000 | 3,096,000 | 1,738,000 | 1,592,000 | 2,979,000 |
| Cash ratio | 1.76 | 0.25 | 0.62 | 1.42 | 0.37 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,133,000K
+ $—K)
÷ $642,000K
= 1.76
The cash ratio of Hertz Global Holdings Inc has shown fluctuations over the years.
As of December 31, 2020, the cash ratio was 0.37, indicating that the company had $0.37 in cash and cash equivalents for every dollar of current liabilities. This suggests a relatively low level of liquidity at that time.
By December 31, 2021, the cash ratio improved significantly to 1.42, indicating a healthier liquidity position with $1.42 in cash and cash equivalents for each dollar of current liabilities.
However, by December 31, 2022, the cash ratio declined to 0.62, signaling a decrease in liquidity compared to the previous year.
The trend continued as by December 31, 2023, the cash ratio dropped further to 0.25, indicating a significant decrease in liquidity and potentially raising concerns about the company's ability to meet its short-term obligations.
Subsequently, by December 31, 2024, the cash ratio surged to 1.76, suggesting a strong improvement in liquidity compared to the previous year.
Overall, the analysis of Hertz Global Holdings Inc's cash ratio highlights fluctuations in the company's liquidity position over the years, with varying levels of cash and cash equivalents available to cover its short-term liabilities.
Peer comparison
Dec 31, 2024