Hertz Global Holdings Inc (HTZ)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 1,420,000 | 1,400,000 | 1,017,000 | 865,000 | 465,000 | 415,000 | 554,000 |
| Total current liabilities | US$ in thousands | 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 | 2,425,000 | 2,421,000 | 3,037,000 | 2,901,000 |
| Current ratio | 0.25 | 0.29 | 0.26 | 0.40 | 0.54 | 0.53 | 0.48 | 0.84 | 1.42 | 1.56 | 0.92 | 0.48 | 0.37 | 0.94 | 0.89 | 0.36 | 0.36 | 0.19 | 0.14 | 0.19 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $764,000K ÷ $3,096,000K
= 0.25
The current ratio of Hertz Global Holdings Inc. has been relatively stable over the past five quarters, ranging between 1.35 and 1.60. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting it is in a strong position to cover its short-term debts.
With a current ratio ranging from 1.35 to 1.60, Hertz Global Holdings Inc. appears to have a healthy liquidity position during the period under review. A current ratio of 1.43 in Q4 2023 indicates that the company had $1.43 in current assets for every dollar of current liabilities, which signifies a stable financial position to meet its short-term obligations.
It is important for investors and stakeholders to track the current ratio over time to ensure the company maintains a healthy level of liquidity to weather any potential financial challenges. The consistency in Hertz Global Holdings Inc.'s current ratio within the range of 1.35 to 1.60 suggests a prudent management of its short-term financial resources.
Peer comparison
Dec 31, 2023