Hertz Global Holdings Inc (HTZ)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 764,000 | 943,000 | 2,258,000 | 1,096,000 | 865,000 |
| Total current liabilities | US$ in thousands | 3,096,000 | 1,738,000 | 1,592,000 | 2,979,000 | 2,425,000 |
| Current ratio | 0.25 | 0.54 | 1.42 | 0.37 | 0.36 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $764,000K ÷ $3,096,000K
= 0.25
The current ratio for Hertz Global Holdings Inc. has been declining over the past three years. As of December 31, 2023, the current ratio stands at 1.43, compared to 1.60 at the end of 2022 and 2.15 at the end of 2021.
This decreasing trend indicates that the company may be facing challenges in its short-term liquidity and ability to meet its current obligations with its current assets. A current ratio below 1 would raise concerns about the company's ability to cover its short-term liabilities.
It is important for investors, creditors, and other stakeholders to monitor this trend closely, as a deteriorating current ratio could potentially signal financial instability or operational inefficiencies within the company. Further analysis of the company's financial statements and other relevant factors would be necessary to fully assess the implications of this trend on Hertz Global Holdings Inc.'s financial health and performance.
Peer comparison
Dec 31, 2023