Hertz Global Holdings (Hertz Global Holdings) Debt-to-Equity : 6.35 (As of Mar. 2024)

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What is Hertz Global Holdings Debt-to-Equity?

Hertz Global Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,143 Mil. Hertz Global Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $16,701 Mil. Hertz Global Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $2,812 Mil. Hertz Global Holdings's debt to equity for the quarter that ended in Mar. 2024 was 6.35.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Hertz Global Holdings's Debt-to-Equity or its related term are showing as below:

HTZ' s Debt-to-Equity Range Over the Past 10 Years
Min: 4.17 Med: 8.8 Max: 141.13
Current: 5.77

During the past 13 years, the highest Debt-to-Equity Ratio of Hertz Global Holdings was 141.13. The lowest was 4.17. And the median was 8.80.

HTZ's Debt-to-Equity is ranked worse than
96.88% of 930 companies
in the Business Services industry
Industry Median: 0.395 vs HTZ: 5.77

Hertz Global Holdings Debt-to-Equity Historical Data

The historical data trend for Hertz Global Holdings's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Hertz Global Holdings Debt-to-Equity Chart

Hertz Global Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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10.71

141.13

4.17

5.92

5.77

Hertz Global Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															6.04	5.07	5.34	5.77	6.35

Competitive Comparison of Hertz Global Holdings's Debt-to-Equity

For the Rental & Leasing Services subindustry, Hertz Global Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hertz Global Holdings's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Hertz Global Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hertz Global Holdings's Debt-to-Equity falls into.

Hertz Global Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hertz Global Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1378	+	16455)	/	3092
	=	5.77

Hertz Global Holdings's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1143	+	16701)	/	2812
	=	6.35

Hertz Global Holdings (NAS:HTZ) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Hertz Global Holdings Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Hertz Global Holdings's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Hertz Global Holdings (Hertz Global Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hertz Global Holdings Inc (NAS:HTZ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HTZWW:USA HTZ1:Mexico AZK0:Germany AZK0:Germany

Address

8501 Williams Road, Estero, FL, USA, 33928

Website

https://www.hertz.com

Hertz Global Holdings Inc operates an automotive vehicle rental service through the Hertz, Dollar, Thrifty, and Firefly brands. The company offers cars, crossovers, and light trucks for rent; ancillary products and services; rental of industrial, construction, and material handling equipment; and fleet-leasing and fleet-management services. The company operates a network of car rental locations and licenses its brands to associates and franchisees.

Executives

Kelly Galloway	officer: SVP, Chief Accounting Officer	8501 WILLIAMS ROAD, ESTERO FL 33928
Eric Leef	officer: EVP, Chief HR Officer	8501 WILLIAMS ROAD, ESTERO FL 33928
Jeffrey Nedelman	director	8501 WILLIAMS ROAD, ESTERO FL 33928
Fran Bermanzohn	director	9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019
Batcheler Colleen	officer: EVP, General Counsel and Secy	ONE CONAGRA DRIVE, OMAHA NE 68102
Stephen M Scherr	director, officer: Chief Executive Officer	C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Tim Langley-hawthorne	officer: EVP, Tech & CIO	8501 WILLIAMS ROAD, ESTERO FL 33928
Evelina Vougessis Machas	director	8501 WILLIAMS ROAD, ESTERO FL 33928
Jennifer Feikin	director	8501 WILLIAMS ROAD, ESTERO FL 33928
Christopher Lahoud	director	APOLLO, 212 ROSECRANS AVE., EL SEGUNDO CA 90245
Andrew Shannahan	director	8501 WILLIAMS ROAD, ESTERO FL 33928
Mark Fields	director	FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126
Ck Amarillo Gp, Llc	10 percent owner	C/O KNIGHTHEAD CAPITAL MANAGEMENT, LLC, 280 PARK AVENUE, 22ND FLOOR, NEW YORK NY 10017
Certares Opportunities Llc	10 percent owner	350 MADISON AVENUE, 8TH FLOOR, NEW YORK NY 10017
Ck Amarillo Lp	10 percent owner	C/O KNIGHTHEAD CAPITAL MANAGEMENT, LLC, 280 PARK AVENUE, 22ND FLOOR, NEW YORK NY 10017