Herc Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Herc Holdings has a total shareholder equity of $1.3B and total debt of $3.8B, which brings its debt-to-equity ratio to 290.5%. Its total assets and total liabilities are $7.2B and $5.9B respectively. Herc Holdings's EBIT is $680.0M making its interest coverage ratio 2.9. It has cash and short-term investments of $63.0M.
Key information
290.5%
Debt to equity ratio
US$3.80b
Debt
Interest coverage ratio | 2.9x |
Cash | US$63.00m |
Equity | US$1.31b |
Total liabilities | US$5.90b |
Total assets | US$7.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0J4L's short term assets ($717.0M) exceed its short term liabilities ($474.0M).
Long Term Liabilities: 0J4L's short term assets ($717.0M) do not cover its long term liabilities ($5.4B).
Debt to Equity History and Analysis
Debt Level: 0J4L's net debt to equity ratio (285.7%) is considered high.
Reducing Debt: 0J4L's debt to equity ratio has reduced from 376.9% to 290.5% over the past 5 years.
Debt Coverage: 0J4L's debt is well covered by operating cash flow (28.7%).
Interest Coverage: 0J4L's interest payments on its debt are not well covered by EBIT (2.9x coverage).