Hertz Non Currrent Assets Other vs Accounts Payable Analysis
HTZ Stock | USD 4.42 0.26 5.56% |
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 Non Currrent Assets Other and its Accounts Payable 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.
Non Currrent Assets Other vs Accounts Payable
Non Currrent Assets Other vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hertz Global Holdings Non Currrent Assets Other account and Accounts Payable. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Hertz Global's Non Currrent Assets Other and Accounts Payable is 0.1. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Accounts Payable 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 Non Currrent Assets Other and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Hertz Global Holdings are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Non Currrent Assets Other i.e., Hertz Global's Non Currrent Assets Other and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.1 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Accounts Payable
An accounting item on the balance sheet that represents Hertz Global obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Hertz Global Holdings are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.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 Tax Provision is likely to drop (182.7 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
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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 |
Hertz Global Investors Sentiment
The influence of Hertz Global's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Hertz. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Hertz Global's public news can be used to forecast risks associated with an investment in Hertz. The trend in average sentiment can be used to explain how an investor holding Hertz can time the market purely based on public headlines and social activities around Hertz Global Holdings. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Hertz Global's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Hertz Global's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Hertz Global's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Hertz Global.
Hertz Global Implied Volatility | 86.89 |
Hertz Global's implied volatility exposes the market's sentiment of Hertz Global Holdings stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Hertz Global's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Hertz Global stock will not fluctuate a lot when Hertz Global's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Hertz Global in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Hertz Global's short interest history, or implied volatility extrapolated from Hertz Global options trading.
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When running Hertz Global's price analysis, check to measure Hertz Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hertz Global is operating at the current time. Most of Hertz Global's value examination focuses on studying past and present price action to predict the probability of Hertz Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hertz Global's price. Additionally, you may evaluate how the addition of Hertz Global to your portfolios can decrease your overall portfolio volatility.
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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 1.39 | Revenue Per Share 29.939 | Quarterly Revenue Growth 0.073 | Return On Assets 0.0201 |
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.