Hertz Global Holdings Inc (HTZ)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 24,605,000 | 22,497,000 | 19,783,000 | 16,908,000 | 24,627,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $24,605,000K
= 0.00
The debt-to-assets ratio for Hertz Global Holdings Inc. has shown an increasing trend over the past three years, standing at 0.55 in 2021, 0.62 in 2022, and further rising to 0.64 in 2023. This indicates that a larger proportion of the company's assets are funded by debt as compared to its equity. The increase in the ratio suggests a potential rise in the company's financial leverage, implying that a higher percentage of its assets are financed through borrowing rather than through internal resources. The progressive increase in the debt-to-assets ratio may raise concerns about the company's financial risk and ability to meet its debt obligations in the long term. It would be advisable for stakeholders to closely monitor the trend and assess the company's overall financial health and stability.
Peer comparison
Dec 31, 2023