Hertz Global Holdings (Hertz Global Holdings) Change In Working Capital : $-292 Mil (TTM As of Mar. 2024)

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What is Hertz Global Holdings Change In Working Capital?

Hertz Global Holdings's change in working capital for the quarter that ended in Mar. 2024 was $-40 Mil.

Hertz Global Holdings's change in working capital for the fiscal year that ended in Dec. 2023 was $-371 Mil.

It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement. Not by calculating the number changes in each periods' working capital (Total Current Assets minus Total Current Liabilities).

Hertz Global Holdings Change In Working Capital Historical Data

The historical data trend for Hertz Global Holdings's Change In Working Capital 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.

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Hertz Global Holdings Change In Working Capital Chart

Hertz Global Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Working Capital

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-159.00

187.00

-418.00

-204.00

-371.00

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
Change In Working Capital	Get a 7-Day Free Trial															-119.00	-221.00	-85.00	54.00	-40.00

Hertz Global Holdings Change In Working Capital Calculation

Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-292 Mil.

Working Capital is a measure of a company's short term liquidity or its ability to cover short term liabilities. It is defined as the difference between a company's current assets and current liabilities.

Changes in Working Capital is reported in the cash flow statement since it is one of the major ways in which net income can differ from operating cash flow. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement.

Use Wal-Mart Stores Inc (Jan 2014, Annual Data) as an example: Source: Wal-Mart Stores Inc 2014-01-31 10-K from SEC

Consolidated Statements of Cash Flows	Fiscal Years Ended	January 31,	(Amounts in millions)
Cash flows from operating activities:	2014	2013	2012
Changes in certain assets and liabilities, net of effects of acquisitions:
Receivables, net	(566)	(614)	(796)
Inventories	(1,667)	(2,759)	(3,727)
Accounts payable	531	1,061	2,687
Accrued liabilities	103	271	(935)
Accrued income taxes	(1,224)	981	994

For 2014-01-31, add all the items under 2014 collum together, Change in Working Capital was (566) + (1,667) + 531 + 103 + (1,224) = $ (2,823) Mil.

Hertz Global Holdings Change In Working Capital Related Terms

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Hertz Global Holdings (Hertz Global Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hertz Global Holdings Inc (NAS:HTZ) » Definitions » Change In Working Capital

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