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 Mar. 2024 was $ -216 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-847 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 Mar. 2024 was $ -173 Mil. Hertz Global Holdings's Interest Expense for the
three
months ended in Mar. 2024 was $ -216 Mil.
Hertz Global Holdings did not have earnings to cover the interest expense.
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 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-847 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 (NAS:HTZ) 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 Mar. 2024 was $-216 Mil. Its
Operating Income
for the
three
months ended in Mar. 2024 was $-173 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2024 was $16,701 Mil.
Hertz Global Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
| Hertz Global Holdings did not have earnings to cover the interest expense. |
* 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. Hertz Global Holdings Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.
Hertz Global Holdings (Hertz Global Holdings) Business Description
Traded in Other Exchanges
Address
8501 Williams Road, Estero, FL, USA, 33928
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 |
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