Hertz Global Holdings Inc (HTZ)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,133,000K
+ $—K
+ $—K)
÷ $642,000K
= 1.76
The quick ratio of Hertz Global Holdings Inc has fluctuated over the past few years. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, shows a pattern of variability.
From March 31, 2020, to June 30, 2021, the quick ratio steadily increased from 0.36 to 0.92, indicating an improvement in the company's short-term liquidity position. However, there was a notable drop in the ratio to 0.52 by June 30, 2022, suggesting a potential strain on the company's ability to cover its immediate liabilities.
The quick ratio then fluctuated slightly, ranging between 0.41 and 0.47 up to June 30, 2024. The ratios during this period were below 1, indicating that the company may have difficulty meeting its short-term obligations with its quick assets alone.
The ratio spiked significantly to 1.76 by December 31, 2024, suggesting a substantial improvement in the company's short-term liquidity position. It is important to assess the reasons behind these fluctuations and further analyze the company's financial health and management of its liquidity to gain a comprehensive understanding of its financial position.
Peer comparison
Dec 31, 2024