Hertz Global Holdings Inc (HTZ)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 153,000 | 3,092,000 | 2,645,000 | 2,977,000 | 56,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $153,000K
= 0.00
The debt-to-equity ratio of Hertz Global Holdings Inc has been consistently reported as 0.00 for the years ending December 31, 2020 through December 31, 2024. This indicates that the company has no debt in its capital structure during this period. A debt-to-equity ratio of 0.00 is considered favorable from a creditor's perspective as it implies a lower financial risk and suggests that the company is primarily funded through equity rather than debt. However, it's important to note that a zero debt-to-equity ratio may also raise questions about the company's capital structure efficiency and its ability to leverage debt for potential growth or investment opportunities. Further analysis into the reasons for the lack of debt and the company's overall financial strategy would be necessary to fully assess the implications of this ratio.
Peer comparison
Dec 31, 2024