Hertz Global Holdings (MEX:HTZ1) LT-Debt-to-Total-Asset : 0.79 (As of Dec. 2024)

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What is Hertz Global 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. Hertz Global Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.79.

Hertz Global Holdings's long-term debt to total assets ratio increased from Dec. 2023 (0.67) to Dec. 2024 (0.79). It may suggest that Hertz Global Holdings is progressively becoming more dependent on debt to grow their business.

Hertz Global Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hertz Global 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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Hertz Global Holdings LT-Debt-to-Total-Asset Chart

Hertz Global Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.43

0.60

0.65

0.67

0.79

Hertz Global 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															0.67	0.69	0.77	0.71	0.79

Hertz Global Holdings LT-Debt-to-Total-Asset Calculation

Hertz Global 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 )
	=	359093.442	/	454695.971
	=	0.79

Hertz Global 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 )
	=	359093.442	/	454695.971
	=	0.79

Hertz Global Holdings (MEX:HTZ1) 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.

Hertz Global Holdings LT-Debt-to-Total-Asset Related Terms

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Hertz Global Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hertz Global Holdings Inc (MEX:HTZ1) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

HTZWW:USA HTZ:USA AZK0:Germany AZK0:Germany

Address

8501 Williams Road, 3rd Floor, Estero, FL, USA, 33928

Website

https://www.hertz.com

Hertz Global Holdings Inc is engaged principally in the business of renting vehicles through Hertz, Dollar and Thrifty brands. The Company has identified two reportable segments: Americas RAC: Rental of vehicles, as well as sales of vehicles and value-added services, in the U.S., Canada, Latin America and the Caribbean; International RAC: Rental of vehicles, as well as sales of vehicles and value-added services, in locations other than the U.S., Canada, Latin America and the Caribbean. The Company maintain a substantial network of company-operated rental locations, a majority of which are in Europe, and have franchisees and partners that operate rental locations under brands. Geographical markets includes U.S., Europe, Pacific Asia, Middle East and Africa, Latin America.

Hertz Global Holdings Headlines

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