Hertz Begin Period Cash Flow vs Depreciation Analysis

HTZ Stock

USD 4.92 0.30 6.49%

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 Begin Period Cash Flow and its Depreciation 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 closely tied with the direction of predictive economic indicators such as signals in estimate.

Begin Period Cash Flow vs Depreciation

Begin Period Cash Flow vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hertz Global Holdings Begin Period Cash Flow account and Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Hertz Global's Begin Period Cash Flow and Depreciation is -0.47. Overlapping area represents the amount of variation of Begin Period Cash Flow that can explain the historical movement of Depreciation 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 Begin Period Cash Flow and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Begin Period Cash Flow of Hertz Global Holdings are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Begin Period Cash Flow i.e., Hertz Global's Begin Period Cash Flow and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.47

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Begin Period Cash Flow

The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.

Depreciation

Depreciation indicates how much of Hertz Global Holdings value has been used up. For tax purposes Hertz Global can deduct the cost of the tangible assets it purchases as business expenses. However, Hertz Global Holdings must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

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 closely tied 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	1.3B	3.8B	3.6B	3.8B

Cost Of Revenue Ebitda

Hertz Global fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Common Stock Shares Outstanding	Other Assets	Other Stockholder Equity	Total Liab	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Total Current Assets	Intangible Assets	Common Stock	Other Current Assets	Current Deferred Revenue
Total Assets		0.4	0.08	0.02	0.25	0.98	0.73	0.34	0.67	0.81	0.73	0.19	0.2	-0.3	0.82	0.7	-0.23	0.11	0.51	0.69	-0.28	0.12	0.39	0.32	-0.08	-0.14
Total Stockholder Equity	0.4		0.62	-0.11	0.51	0.22	0.49	-0.38	0.18	0.64	0.46	0.4	0.02	-0.03	0.59	-0.07	0.06	0.12	0.17	0.32	-0.67	-0.32	0.1	0.78	0.44	0.03
Common Stock Shares Outstanding	0.08	0.62		-0.47	0.42	-0.06	-0.05	-0.2	0.06	0.19	-0.04	0.12	-0.27	-0.02	0.12	0.0	0.02	-0.11	-0.21	-0.1	-0.22	-0.17	-0.13	0.66	-0.13	0.29
Other Assets	0.02	-0.11	-0.47		-0.12	0.06	0.2	-0.44	-0.17	0.0	0.17	-0.17	0.16	0.1	0.06	-0.28	-0.01	0.06	0.29	0.13	0.18	0.2	0.13	-0.26	0.46	-0.19
Other Stockholder Equity	0.25	0.51	0.42	-0.12		0.13	-0.11	-0.15	0.05	0.04	-0.19	-0.45	-0.12	0.6	0.01	0.31	0.59	-0.45	-0.04	-0.05	0.02	0.49	-0.14	0.62	0.23	0.18
Total Liab	0.98	0.22	-0.06	0.06	0.13		0.7	0.44	0.68	0.74	0.7	0.14	0.22	-0.34	0.77	0.74	-0.28	0.12	0.53	0.68	-0.16	0.18	0.41	0.16	-0.17	-0.17
Short Long Term Debt Total	0.73	0.49	-0.05	0.2	-0.11	0.7		-0.01	0.33	0.93	0.99	0.63	0.15	-0.38	0.92	0.12	-0.29	0.44	0.49	0.86	-0.64	-0.28	0.37	0.06	0.21	-0.1
Other Current Liab	0.34	-0.38	-0.2	-0.44	-0.15	0.44	-0.01		0.48	0.08	0.03	-0.17	0.04	-0.29	0.09	0.63	-0.18	-0.01	0.09	0.17	0.28	0.08	0.06	-0.21	-0.49	-0.03
Total Current Liabilities	0.67	0.18	0.06	-0.17	0.05	0.68	0.33	0.48		0.44	0.4	0.12	0.36	-0.62	0.58	0.51	-0.61	0.35	0.64	0.12	-0.15	0.14	0.8	0.37	-0.19	-0.37
Property Plant And Equipment Net	0.81	0.64	0.19	0.0	0.04	0.74	0.93	0.08	0.44		0.94	0.63	0.13	-0.45	0.97	0.24	-0.32	0.32	0.47	0.85	-0.61	-0.32	0.33	0.33	0.11	-0.07
Net Debt	0.73	0.46	-0.04	0.17	-0.19	0.7	0.99	0.03	0.4	0.94		0.67	0.19	-0.5	0.94	0.11	-0.42	0.5	0.51	0.84	-0.63	-0.33	0.44	0.06	0.15	-0.15
Retained Earnings	0.19	0.4	0.12	-0.17	-0.45	0.14	0.63	-0.17	0.12	0.63	0.67		0.13	-0.55	0.61	-0.23	-0.45	0.42	0.19	0.47	-0.78	-0.68	0.25	0.1	0.08	-0.1
Accounts Payable	0.2	0.02	-0.27	0.16	-0.12	0.22	0.15	0.04	0.36	0.13	0.19	0.13		-0.29	0.2	0.1	-0.31	0.47	0.3	0.02	-0.14	0.1	0.33	0.14	0.2	-0.99
Cash	-0.3	-0.03	-0.02	0.1	0.6	-0.34	-0.38	-0.29	-0.62	-0.45	-0.5	-0.55	-0.29		-0.53	-0.01	0.97	-0.64	-0.38	-0.18	0.25	0.45	-0.59	-0.05	0.3	0.33
Non Current Assets Total	0.82	0.59	0.12	0.06	0.01	0.77	0.92	0.09	0.58	0.97	0.94	0.61	0.2	-0.53		0.23	-0.43	0.39	0.63	0.79	-0.59	-0.26	0.53	0.32	0.09	-0.15
Non Currrent Assets Other	0.7	-0.07	0.0	-0.28	0.31	0.74	0.12	0.63	0.51	0.24	0.11	-0.23	0.1	-0.01	0.23		0.04	-0.32	0.1	0.24	0.15	0.37	0.05	0.15	-0.42	-0.04
Cash And Short Term Investments	-0.23	0.06	0.02	-0.01	0.59	-0.28	-0.29	-0.18	-0.61	-0.32	-0.42	-0.45	-0.31	0.97	-0.43	0.04		-0.68	-0.34	-0.04	0.17	0.3	-0.65	0.0	0.3	0.37
Net Receivables	0.11	0.12	-0.11	0.06	-0.45	0.12	0.44	-0.01	0.35	0.32	0.5	0.42	0.47	-0.64	0.39	-0.32	-0.68		0.19	0.07	-0.45	-0.28	0.52	-0.11	0.17	-0.53
Good Will	0.51	0.17	-0.21	0.29	-0.04	0.53	0.49	0.09	0.64	0.47	0.51	0.19	0.3	-0.38	0.63	0.1	-0.34	0.19		0.4	-0.11	0.03	0.79	0.15	0.02	-0.29
Non Current Liabilities Total	0.69	0.32	-0.1	0.13	-0.05	0.68	0.86	0.17	0.12	0.85	0.84	0.47	0.02	-0.18	0.79	0.24	-0.04	0.07	0.4		-0.35	-0.23	0.05	-0.03	0.04	0.06
Inventory	-0.28	-0.67	-0.22	0.18	0.02	-0.16	-0.64	0.28	-0.15	-0.61	-0.63	-0.78	-0.14	0.25	-0.59	0.15	0.17	-0.45	-0.11	-0.35		0.54	-0.26	-0.3	-0.42	0.12
Total Current Assets	0.12	-0.32	-0.17	0.2	0.49	0.18	-0.28	0.08	0.14	-0.32	-0.33	-0.68	0.1	0.45	-0.26	0.37	0.3	-0.28	0.03	-0.23	0.54		0.09	-0.03	-0.04	-0.08
Intangible Assets	0.39	0.1	-0.13	0.13	-0.14	0.41	0.37	0.06	0.8	0.33	0.44	0.25	0.33	-0.59	0.53	0.05	-0.65	0.52	0.79	0.05	-0.26	0.09		0.12	-0.04	-0.36
Common Stock	0.32	0.78	0.66	-0.26	0.62	0.16	0.06	-0.21	0.37	0.33	0.06	0.1	0.14	-0.05	0.32	0.15	0.0	-0.11	0.15	-0.03	-0.3	-0.03	0.12		0.25	-0.1
Other Current Assets	-0.08	0.44	-0.13	0.46	0.23	-0.17	0.21	-0.49	-0.19	0.11	0.15	0.08	0.2	0.3	0.09	-0.42	0.3	0.17	0.02	0.04	-0.42	-0.04	-0.04	0.25		-0.2
Current Deferred Revenue	-0.14	0.03	0.29	-0.19	0.18	-0.17	-0.1	-0.03	-0.37	-0.07	-0.15	-0.1	-0.99	0.33	-0.15	-0.04	0.37	-0.53	-0.29	0.06	0.12	-0.08	-0.36	-0.1	-0.2

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Hertz Global Account Relationship Matchups

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	715M	679.3M
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	2.6B	(157M)	(641M)	2.2B	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	21.5B	18.5B
Non Currrent Assets Other	(1.1B)	1.8B	(1.0B)	(1.4B)	1.1B	1.1B
Cash And Short Term Investments	865M	1.1B	2.3B	943M	1.2B	1.1B
Net Receivables	1.8B	777M	758M	974M	1.2B	1.2B
Non Current Liabilities Total	20.3B	13.8B	15.2B	18.1B	20.8B	17.2B
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	411M	1.0B	680M	726M	600.7M
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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Hertz Begin Period Cash Flow vs Depreciation Analysis

Begin Period Cash Flow vs Depreciation

Begin Period Cash Flow vs Depreciation Correlation Analysis

Correlation Coefficient

Begin Period Cash Flow

Depreciation

Hertz Global fundamental ratios Correlations

Hertz Global Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hertz Global fundamental ratios Accounts

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Additional Tools for Hertz Stock Analysis

COMMON DESTINATIONS

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COMPANY

Net Debt	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.98	Total Assets
Non Current Assets Total	+ 0.97	Property Plant And Equipment Net
Cash And Short Term Investments	+ 0.97	Cash
Net Debt	+ 0.94	Property Plant And Equipment Net
Non Current Assets Total	+ 0.94	Net Debt

Current Deferred Revenue	- 0.99	Accounts Payable
Inventory	- 0.78	Retained Earnings
Net Receivables	- 0.68	Cash And Short Term Investments
Total Current Assets	- 0.68	Retained Earnings
Inventory	- 0.67	Total Stockholder Equity
Intangible Assets	- 0.65	Cash And Short Term Investments