Herc Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Herc Holdings has a total shareholder equity of $1.1B and total debt of $3.3B, which brings its debt-to-equity ratio to 301.2%. Its total assets and total liabilities are $6.3B and $5.2B respectively. Herc Holdings's EBIT is $594.1M making its interest coverage ratio 4. It has cash and short-term investments of $40.0M.
Key information
301.2%
Debt to equity ratio
US$3.27b
Debt
Interest coverage ratio | 4x |
Cash | US$40.00m |
Equity | US$1.09b |
Total liabilities | US$5.19b |
Total assets | US$6.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HRI *'s short term assets ($625.0M) exceed its short term liabilities ($593.0M).
Long Term Liabilities: HRI *'s short term assets ($625.0M) do not cover its long term liabilities ($4.6B).
Debt to Equity History and Analysis
Debt Level: HRI *'s net debt to equity ratio (297.5%) is considered high.
Reducing Debt: HRI *'s debt to equity ratio has reduced from 437.9% to 301.2% over the past 5 years.
Debt Coverage: HRI *'s debt is well covered by operating cash flow (30.8%).
Interest Coverage: HRI *'s interest payments on its debt are well covered by EBIT (4x coverage).