Herc Holdings (FRA:H9B1) LT-Debt-to-Total-Asset : 0.64 (As of Dec. 2024)

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What is Herc Holdings LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Herc Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.64.

Herc Holdings's long-term debt to total assets ratio increased from Dec. 2023 (0.63) to Dec. 2024 (0.64). It may suggest that Herc Holdings is progressively becoming more dependent on debt to grow their business.

Herc Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Herc Holdings's LT-Debt-to-Total-Asset 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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Herc Holdings LT-Debt-to-Total-Asset Chart

Herc Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.56

0.54

0.60

0.63

0.64

Herc Holdings Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.63	0.63	0.63	0.62	0.64

Herc Holdings LT-Debt-to-Total-Asset Calculation

Herc Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	4786.46	/	7522.535
	=	0.64

Herc Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	4786.46	/	7522.535
	=	0.64

Herc Holdings (FRA:H9B1) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Herc Holdings LT-Debt-to-Total-Asset Related Terms

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Herc Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Herc Holdings Inc (FRA:H9B1) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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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