Hertz Global Holdings Inc (HTZ)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,133,000 | 905,000 | 994,000 | 945,000 | 764,000 | 594,000 | 682,000 | 728,000 | 943,000 | 1,006,000 | 1,041,000 | 1,521,000 | 2,258,000 | 2,703,000 | 1,820,000 | 1,087,000 | 1,096,000 | 1,137,000 | 1,366,000 | 1,017,000 |
| Short-term investments | US$ in thousands | — | — | 5,000 | 6,000 | 10,000 | 24,000 | 30,000 | 21,000 | 140,000 | 145,000 | 99,000 | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 642,000 | 624,000 | 2,134,000 | 2,194,000 | 3,096,000 | 2,082,000 | 2,635,000 | 1,819,000 | 1,738,000 | 1,903,000 | 2,176,000 | 1,810,000 | 1,592,000 | 1,731,000 | 1,969,000 | 2,266,000 | 2,979,000 | 1,514,000 | 1,580,000 | 2,854,000 |
| Cash ratio | 1.76 | 1.45 | 0.47 | 0.43 | 0.25 | 0.30 | 0.27 | 0.41 | 0.62 | 0.60 | 0.52 | 0.84 | 1.42 | 1.56 | 0.92 | 0.48 | 0.37 | 0.75 | 0.86 | 0.36 |
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 period covered by the data provided. The cash ratio, which measures the company's ability to cover its current liabilities with its cash and cash equivalents, was relatively low at 0.36 as of March 31, 2020, indicating that the company had limited cash on hand compared to its short-term obligations.
Subsequently, the cash ratio improved to 1.56 as of September 30, 2021, suggesting a significant increase in the company's liquidity position. This improvement may have been driven by various factors such as better cash management practices, increased cash reserves, or reduced short-term liabilities.
However, the cash ratio declined to 0.25 as of December 31, 2023, indicating a potential deterioration in the company's ability to meet its short-term obligations with available cash. It is essential for investors and stakeholders to further investigate the reasons behind this decline, as a low cash ratio may signify liquidity challenges or inefficient cash utilization.
Finally, the cash ratio surged to 1.76 as of December 31, 2024, reflecting a substantial improvement in the company's liquidity position compared to previous periods. This notable increase could be attributed to a bolstered cash position or reduced short-term liabilities, indicating a positive development in Hertz Global Holdings Inc's financial health as of the latest data point available.
Overall, the analysis of Hertz Global Holdings Inc's cash ratio highlights the company's varying liquidity levels over time, underscoring the importance of monitoring cash management practices and ensuring sufficient cash reserves to meet short-term obligations effectively.
Peer comparison
Dec 31, 2024