Hertz Global Holdings Balance Sheet Health
Financial Health criteria checks 1/6
Hertz Global Holdings has a total shareholder equity of $2.8B and total debt of $15.7B, which brings its debt-to-equity ratio to 559.9%. Its total assets and total liabilities are $24.3B and $21.5B respectively. Hertz Global Holdings's EBIT is $118.0M making its interest coverage ratio 0.1. It has cash and short-term investments of $471.0M.
Key information
559.9%
Debt to equity ratio
US$15.74b
Debt
Interest coverage ratio | 0.1x |
Cash | US$471.00m |
Equity | US$2.81b |
Total liabilities | US$21.50b |
Total assets | US$24.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AZK0's short term assets ($2.9B) do not cover its short term liabilities ($4.2B).
Long Term Liabilities: AZK0's short term assets ($2.9B) do not cover its long term liabilities ($17.3B).
Debt to Equity History and Analysis
Debt Level: AZK0's net debt to equity ratio (543.1%) is considered high.
Reducing Debt: AZK0's debt to equity ratio has reduced from 1717.1% to 559.9% over the past 5 years.
Debt Coverage: AZK0's debt is not well covered by operating cash flow (14.5%).
Interest Coverage: AZK0's interest payments on its debt are not well covered by EBIT (0.1x coverage).