Hertz Total Assets vs Deferred Long Term Liab Analysis
HTZ Stock | USD 5.26 0.27 4.88% |
Hertz Global financial indicator trend analysis is much more than just examining Hertz Global Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hertz Global Holdings is a good investment. Please check the relationship between Hertz Global Total Assets and its Deferred Long Term Liab accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hertz Global Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Total Assets vs Deferred Long Term Liab
Total Assets vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hertz Global Holdings Total Assets account and Deferred Long Term Liab. At this time, the significance of the direction appears to have very week relationship.
The correlation between Hertz Global's Total Assets and Deferred Long Term Liab is 0.28. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Hertz Global Holdings, assuming nothing else is changed. The correlation between historical values of Hertz Global's Total Assets and Deferred Long Term Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Hertz Global Holdings are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Total Assets i.e., Hertz Global's Total Assets and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | 0.28 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Assets
Total assets refers to the total amount of Hertz Global assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Hertz Global Holdings books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.Most indicators from Hertz Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hertz Global Holdings current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hertz Global Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. Sales General And Administrative To Revenue is likely to rise to 0.09 in 2024, whereas Selling General Administrative is likely to drop slightly above 584.1 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 4.6B | 5.7B | 7.6B | 6.3B | EBITDA | 2.9B | 3.0B | 3.3B | 1.7B |
Hertz Global fundamental ratios Correlations
Click cells to compare fundamentals
Hertz Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hertz Global fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 24.6B | 16.9B | 19.8B | 22.5B | 24.6B | 20.9B | |
Total Stockholder Equity | 1.9B | 56M | 3.0B | 2.6B | 3.1B | 1.7B | |
Common Stock Shares Outstanding | 117M | 150M | 315M | 403M | 326M | 206.9M | |
Liabilities And Stockholders Equity | 24.6B | 16.9B | 19.8B | 22.5B | 24.6B | 20.9B | |
Other Assets | 13.8B | 6.1B | 11.2B | 12.8B | 14.7B | 10.6B | |
Other Stockholder Equity | 3.0B | 2.9B | 5.5B | 3.2B | 3.0B | 3.1B | |
Total Liab | 22.7B | 16.8B | 16.8B | 19.9B | 21.5B | 19.0B | |
Short Long Term Debt Total | 18.9B | 7.9B | 12.4B | 15.7B | 17.8B | 15.2B | |
Other Current Liab | 1.3B | 1.4B | 1.0B | (414M) | 1.0B | 1.1B | |
Total Current Liabilities | 2.4B | 3.0B | 1.6B | 1.7B | 3.1B | 3.0B | |
Property Plant And Equipment Net | 16.4B | 8.4B | 11.4B | 15.0B | 17.6B | 13.9B | |
Net Debt | 18.1B | 6.8B | 10.2B | 14.7B | 17.1B | 14.1B | |
Retained Earnings | (967M) | (2.7B) | (2.3B) | (256M) | 360M | 378M | |
Accounts Payable | 943M | 418M | 572M | 657M | 701M | 666.0M | |
Cash | 865M | 1.1B | 2.3B | 943M | 764M | 1.0B | |
Non Current Assets Total | 20.7B | 12.4B | 15.4B | 19.0B | 22.2B | 18.5B | |
Non Currrent Assets Other | (1.1B) | 1.8B | (1.0B) | (1.4B) | 726M | 762.3M | |
Cash And Short Term Investments | 865M | 1.1B | 2.3B | 943M | 764M | 1.0B | |
Net Receivables | 1.8B | 777M | 758M | 974M | 1.2B | 1.2B | |
Non Current Liabilities Total | 20.3B | 13.8B | 15.2B | 18.1B | 18.4B | 17.1B | |
Inventory | 495M | 2.2B | 393M | 475M | (284M) | (269.8M) | |
Total Current Assets | 3.9B | 4.5B | 4.4B | 3.5B | 2.4B | 3.9B | |
Accumulated Other Comprehensive Income | (189M) | (212M) | (214M) | (294M) | (248M) | (235.6M) | |
Intangible Assets | 3.2B | 3.0B | 2.9B | 2.9B | 2.9B | 3.5B | |
Other Current Assets | 689M | 373M | 1.0B | 1.2B | 726M | 620.1M | |
Current Deferred Revenue | 160M | 136M | 880M | 1.4B | 1.6B | 1.6B | |
Other Liab | 1.7B | 1.2B | 2.8B | 2.4B | 2.8B | 2.1B | |
Net Tangible Assets | (2.6B) | (4.0B) | (980M) | (1.3B) | (1.5B) | (1.6B) | |
Long Term Debt | 16.6B | 6.1B | 10.8B | 13.7B | 14.3B | 10.5B | |
Net Invested Capital | 18.9B | 6.3B | 13.9B | 16.5B | 18.8B | 17.0B | |
Short Long Term Debt | 443M | 140M | 146M | 135M | 1.4B | 1.4B | |
Non Current Liabilities Other | 399M | 5.5B | 2.8B | 2.4B | 471M | 447.5M | |
Net Working Capital | 1.2B | 1.2B | 2.7B | 1.7B | (699M) | (664.1M) | |
Property Plant Equipment | 2.6B | 2.3B | 608M | 12.5B | 14.4B | 15.1B |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Hertz Global Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hertz Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Hertz Global Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hertz Global Holdings Stock:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hertz Global Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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Is Hertz Global's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hertz Global. If investors know Hertz will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hertz Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.31) | Earnings Share 0.17 | Revenue Per Share 30.434 | Quarterly Revenue Growth 0.016 | Return On Assets 0.0031 |
The market value of Hertz Global Holdings is measured differently than its book value, which is the value of Hertz that is recorded on the company's balance sheet. Investors also form their own opinion of Hertz Global's value that differs from its market value or its book value, called intrinsic value, which is Hertz Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hertz Global's market value can be influenced by many factors that don't directly affect Hertz Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hertz Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hertz Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hertz Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.