(NASDAQ: HTZ) ("Hertz", "Hertz Global" or the "Company") today reported results for its first quarter 2023. First quarter revenue was $2.0 billion, up 13% year over year, characterized by continued strength in leisure and corporate demand. Transaction days increased 10% year over year while average fleet was up 5%.
What is Hertz current debt?
Hertz Global Holdings has a total shareholder equity of $3.4B and total debt of $16.0B, which brings its debt-to-equity ratio to 472.4%. Its total assets and total liabilities are $25.6B and $22.2B respectively. Hertz Global Holdings's EBIT is $1.2B making its interest coverage ratio 1.8.
Did dollar buy Hertz?
29, 2012: Hertz completes acquisition. Hertz Global Holdings Inc. completes its $2.3 billion, $87.50-per-share acquisition of Tulsa's Dollar Thrifty Automotive Group Inc.
Is Hertz making a profit?
Is Hertz in trouble?
In February, a Delaware bankruptcy court judge ordered Hertz, which declared bankruptcy in 2020, to publicize its data on theft reports that it had previously filed under seal. It was soon revealed that Hertz files about 3,365 police reports every year on alleged car theft.
What is the Hertz financial scandal?
February 1, 2019 – Hertz Global Holdings Inc. and its wholly-owned subsidiary The Hertz Corp. agreed to pay $16 million to settle fraud and other charges brought by the Securities and Exchange Commission stemming from multiple company filings containing inaccurate financial statements and disclosures.
How much did Hertz pay for each Tesla?
In one of the largest-ever purchases of electric vehicles, Hertz will spend $4.2 billion on the cars, about $42,000 per car, Bloomberg News reported. The announcement pushed Tesla shares up more than 12% and added almost $118 billion to the company's market capitalization.