Hertz Global Holdings Inc (HTZ)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 21,802,000 | 24,605,000 | 22,497,000 | 19,783,000 | 16,908,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $21,802,000K
= 0.00
Hertz Global Holdings Inc's debt-to-assets ratio has been consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt in relation to its total assets during this period. A debt-to-assets ratio of 0.00 is a positive indicator as it suggests the company is financing its assets entirely with equity rather than debt. This can be advantageous as it implies lower financial risk, less interest expense, and potentially greater financial stability. However, it's also important to consider other financial metrics and factors to have a holistic view of the company's financial health.
Peer comparison
Dec 31, 2024