Hertz Global Holdings Inc (HTZ)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 3,092,000 | 3,390,000 | 2,839,000 | 2,774,000 | 2,645,000 | 2,761,000 | 2,729,000 | 2,702,000 | 2,977,000 | 4,206,000 | 3,620,000 | 265,000 | 56,000 | 341,000 | 559,000 | 1,372,000 | 1,769,000 | 1,874,000 | 964,000 | 922,000 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,092,000K
= 0.00
The debt-to-equity ratio for Hertz Global Holdings Inc. has shown fluctuations over the past five quarters, ranging from 4.72 to 5.84. The ratio indicates that for every dollar of equity, the company has between $4.72 and $5.84 in debt. The increasing trend in the ratio from Q1 2023 to Q2 2023 and the subsequent decrease by Q3 2023 suggests some variability in the company's leverage position.
The high values of the debt-to-equity ratio signify that Hertz Global Holdings Inc. relies significantly on debt financing to support its operations and growth. A ratio above 1 indicates that the company has more debt than equity, which may imply higher financial risk. Investors and creditors may closely monitor this ratio to assess the company's ability to meet its debt obligations and its overall financial health.
Peer comparison
Dec 31, 2023