Hertz Global Holdings Inc (HTZ)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-capital 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 |
| 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 |
| Financial leverage ratio | 142.50 | 33.74 | 12.86 | 8.65 | 7.96 | 7.54 | 9.19 | 8.56 | 8.51 | 7.86 | 8.09 | 7.75 | 6.65 | 4.66 | 5.25 | 62.68 | 301.93 | 55.01 | 41.35 | 18.84 |
The solvency ratios of Hertz Global Holdings Inc indicate a consistently strong financial position in terms of its debt obligations. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all been maintained at a level of 0.00 over the reporting periods from March 31, 2020, to December 31, 2024. This implies that the company has been able to finance its assets without relying on excessive debt.
The financial leverage ratio, which measures the proportion of a company's assets that are financed by debt, showed some fluctuations during the period under review. The ratio peaked at 301.93 on December 31, 2020, indicating a high level of financial leverage at that time. However, the ratio subsequently decreased significantly and remained relatively stable from March 31, 2021, onwards, ranging from 4.66 to 142.50. This suggests that the company has managed to reduce its dependence on debt to finance its operations and investments.
Overall, the solvency ratios of Hertz Global Holdings Inc demonstrate a solid financial position with low debt levels relative to its assets and equity. The company's ability to maintain a healthy balance between debt and capital structure reflects prudent financial management and sustainable growth strategies.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | -2.38 | -2.47 | -0.12 | 0.57 | 1.35 | 1.19 | 1.51 | 3.81 | 6.45 | 9.57 | 10.05 | 3.78 | 2.46 | 1.82 | 0.00 | -1.45 | -2.38 | -1.63 | -0.72 | 0.70 |
The interest coverage ratio of Hertz Global Holdings Inc has shown significant volatility over the reported period. Starting at a concerning low of 0.70 in March 2020, the company's ability to cover its interest expenses deteriorated further, reaching negative figures in subsequent quarters up to December 2020. However, there was a notable improvement starting from March 2021, with the interest coverage ratio gradually increasing to 10.05 by June 2022, indicating a substantial enhancement in the company's capacity to meet its interest obligations.
Following its peak in June 2022, the interest coverage ratio began to decline but remained above 1, signifying Hertz Global Holdings Inc's ability to cover its interest payments adequately. The ratio fluctuated around levels of 1 to 4, indicating a certain degree of volatility in the company's financial health. It is essential for stakeholders to monitor the trend of the interest coverage ratio in the future to assess the company's ability to service its debt commitments.