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Hertz Global Holdings (FRA:AZK0) Interest Expense : €-840 Mil (TTM As of Sep. 2024)


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What is Hertz Global Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hertz Global Holdings's interest expense for the three months ended in Sep. 2024 was € -222 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-840 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Hertz Global Holdings's Operating Income for the three months ended in Sep. 2024 was € 39 Mil. Hertz Global Holdings's Interest Expense for the three months ended in Sep. 2024 was € -222 Mil. Hertz Global Holdings's Interest Coverage for the quarter that ended in Sep. 2024 was 0.17. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Hertz Global Holdings Interest Expense Historical Data

The historical data trend for Hertz Global Holdings's Interest Expense 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 Interest Expense Chart

Hertz Global Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -724.50 -499.78 -415.07 -309.63 -727.18

Hertz Global Holdings Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -210.83 -199.91 -198.72 -220.17 -221.65

Hertz Global Holdings Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-840 Mil.

* 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.

Hertz Global Holdings  (FRA:AZK0) Interest Expense Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Hertz Global Holdings's Interest Expense for the three months ended in Sep. 2024 was €-222 Mil. Its Operating Income for the three months ended in Sep. 2024 was €39 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €14,751 Mil.

Hertz Global Holdings's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*38.743/-221.646
=0.17

* 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.

The higher the ratio, the stronger the company's financial strength is.

Hertz Global Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hertz Global Holdings Inc (FRA:AZK0) » Definitions » Interest Expense
Comparable Companies
CTOS WLFC GSL PRG VSTS HEES ALTG BEBE FPAY ZCAR URI LSE:AHT AER FTAI UHAL TSX:EFN BSP:RENT3 R WSC HRI
Traded in Other Exchanges
HTZWW:USA HTZ:USA HTZ1:Mexico AZK0:Germany
Address
8501 Williams Road, Estero, FL, USA, 33928
Website
https://www.hertz.com
Hertz Global Holdings Inc is engaged in the vehicle rental and leasing business and 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 other services. Its operating segments and organized are based on the products and services provided and the geographic areas as :Americas RAC -which derives maximum revenue, includes Rental of vehicles, as well as sales of value-added services, in the U.S., Canada, Latin America and the Caribbean; and International RAC - Rental of vehicles, as well as sales of value-added services, in locations other than the U.S., Canada, Latin America and the Caribbean.

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