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Herc Holdings (FRA:H9B1) Interest Expense : €-241 Mil (TTM As of Dec. 2024)


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What is Herc Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Herc Holdings's interest expense for the three months ended in Dec. 2024 was € -64 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was €-241 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. Herc Holdings's Operating Income for the three months ended in Dec. 2024 was € 22 Mil. Herc Holdings's Interest Expense for the three months ended in Dec. 2024 was € -64 Mil. Herc Holdings's Interest Coverage for the quarter that ended in Dec. 2024 was 0.34. 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.

Herc Holdings Interest Expense Historical Data

The historical data trend for Herc 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.

Herc Holdings Interest Expense Chart

Herc Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -76.12 -76.11 -115.17 -205.41 -248.30

Herc Holdings Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 -56.85 -56.12 -58.53 -62.17 -63.99

Herc 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-241 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.

Herc Holdings  (FRA:H9B1) 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.

Herc Holdings's Interest Expense for the three months ended in Dec. 2024 was €-64 Mil. Its Operating Income for the three months ended in Dec. 2024 was €22 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was €4,786 Mil.

Herc Holdings's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*21.965/-63.985
=0.34

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Herc Holdings Inc interest coverage is 2.11, which is low.

Herc Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Herc Holdings Inc (FRA:H9B1) » Definitions » Interest Expense
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HRI:USA 0J4L:UK
Address
27500 Riverview Center Boulevard, Bonita Springs, FL, USA, 34134
Website
https://www.hercrentals.com
Herc Holdings Inc is an equipment rental company that was spun out of Hertz Global in 2016. It is currently the equipment rental company (4% market share) in North America, after United Rentals and Sunbelt Rentals, with a fleet size of $6.4 billion. It serves commercial and residential construction customers, the environmental sector, industrial entities, and entertainment production companies. During much of its 50-year-plus history, the company has rented equipment such as aerial lifts to its customers for intermittent use. More recently, it has broadened its catalog to include a host of specialty items. Separately, Herc Holdings' prepares now to incorporate long-term rentals to industrial customers where Herc maintains its own staff at the customer site.

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