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HRZ Hertz

Hertz Holdings was incorporated in Delaware in 2015 to serve as the top-level holding company for Rental Car Intermediate Holdings, LLC, which wholly owns Hertz, our primary operating company. Hertz was incorporated in Delaware in 1967 and is a successor to corporations that have been engaged in the vehicle rental and leasing business since 1918.

Company profile

Ticker
HRZ
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
SEC CIK

Calendar

7 May 21
28 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Hertz earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 2.44B 2.44B 2.44B 2.44B 2.44B 2.44B
Cash burn (monthly) (positive/no burn) (positive/no burn) (positive/no burn) 118.58M (positive/no burn) (positive/no burn)
Cash used (since last report) n/a n/a n/a 463.88M n/a n/a
Cash remaining n/a n/a n/a 1.98B n/a n/a
Runway (months of cash) n/a n/a n/a 16.7 n/a n/a

Beta Read what these cash burn values mean

Financial report summary

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Competition
Id SystemsAvis BudgetHyreCar
Risks
  • An impairment of our goodwill and other indefinite-lived intangible assets could have a material impact to our results of operation.
  • Our common stock has been delisted from trading on the NYSE, which may negatively impact the trading price of our common stock and our stockholders.
  • Our post-bankruptcy capital structure is yet to be determined, and any changes to our capital structure may have a material adverse effect on existing debt and security holders.
  • We have identified material weaknesses in our internal control over financial reporting which could, if not remediated, adversely affect our ability to report our financial condition and results of operations in a timely and accurate manner, which may adversely affect investor confidence in our company and, as a result, the value of our common stock.
  • Hertz Holdings is a holding company with no operations of its own and depends on its subsidiaries for cash.
Management Discussion
  • The global COVID-19 pandemic continued to negatively affect airline travel during the three months ended March 31, 2021 compared to the three months ended March 31, 2020. As a large portion of our business is generated at airport locations, disruptions in airline travel has continued to adversely impact our results of operations. However, U.S. airline travel saw traveler throughput increase, as measured by the U.S. Transportation Security Administration, beginning in March 2021 which generated increased demand for rental vehicles and improved pricing across the industry. This increase in travel demand appears to be accelerating into the second quarter as reflected in Total RPD and Transaction Days. Consequently, we expect increased demand and improved pricing to continue in the second quarter of 2021.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
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Readability
H.S. freshman Avg
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