Hertz Global Holdings Inc (HTZ)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | 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 | 1,137,000 | 1,400,000 | 1,017,000 | 865,000 | 465,000 | 415,000 | 554,000 |
| Short-term investments | US$ in thousands | — | 24,000 | 30,000 | 21,000 | — | 145,000 | 99,000 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.25 | 0.30 | 0.27 | 0.41 | 0.54 | 0.60 | 0.52 | 0.84 | 1.42 | 1.56 | 0.92 | 0.48 | 0.37 | 0.75 | 0.89 | 0.36 | 0.36 | 0.19 | 0.14 | 0.19 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($764,000K
+ $—K
+ $—K)
÷ $3,096,000K
= 0.25
The quick ratio for Hertz Global Holdings Inc. has shown some fluctuations over the past five quarters. In Q4 2022, the quick ratio was at its highest at 1.39, indicating a strong ability to cover its short-term liabilities with its most liquid assets. However, this ratio decreased to 1.20 in Q1 2023 and Q3 2023, signaling a slight decline in liquidity. It reached its lowest level of 1.16 in Q2 2023, reflecting potential difficulties in meeting short-term obligations.
Despite the fluctuations, the quick ratio generally remained above 1 for all quarters, suggesting that the company has a sufficient level of liquid assets to cover its current liabilities. However, investors and stakeholders should closely monitor the trend in the quick ratio to ensure Hertz Global Holdings Inc. maintains a healthy liquidity position for financial stability and operational flexibility.
Peer comparison
Dec 31, 2023