Hertz Global Holdings Inc (HTZ)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 24,605,000 | 25,554,000 | 26,095,000 | 23,749,000 | 22,497,000 | 21,694,000 | 22,066,000 | 20,941,000 | 19,783,000 | 19,593,000 | 19,007,000 | 16,610,000 | 16,908,000 | 18,757,000 | 23,116,000 | 25,842,000 | 24,627,000 | 25,541,000 | 26,354,000 | 24,030,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 of Hertz Global Holdings Inc. has shown a slight increase over the past five quarters, trending upwards from 0.62 in Q4 2022 to 0.64 in Q4 2023. This indicates that the company's proportion of debt relative to its total assets has been gradually rising.
A higher debt-to-assets ratio suggests that a larger portion of the company's assets is being funded by debt. While an increasing ratio can signify the company's willingness to take on more leverage to support growth or investment opportunities, it also raises the firm's financial risk as it must manage and service its debt obligations effectively.
It is important for investors and analysts to closely monitor changes in the debt-to-assets ratio over time to assess the company's financial health and its ability to meet its debt obligations. Additionally, comparing this ratio with industry benchmarks and historical trends can provide insights into the company's capital structure and financial stability.
Peer comparison
Dec 31, 2023