Herc Long Term Debt vs Accounts Payable Analysis
| HRI Stock | USD 228.69 1.44 0.63% |
Herc Holdings financial indicator trend analysis is much more than just examining Herc Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Herc Holdings is a good investment. Please check the relationship between Herc Holdings Long Term Debt and its Accounts Payable accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Herc 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 metropolitan statistical area. For more detail on how to invest in Herc Stock please use our How to Invest in Herc Holdings guide.
Long Term Debt vs Accounts Payable
Long Term Debt vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Herc Holdings Long Term Debt account and Accounts Payable. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Herc Holdings' Long Term Debt and Accounts Payable is -0.45. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Herc Holdings, assuming nothing else is changed. The correlation between historical values of Herc Holdings' Long Term Debt 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 Long Term Debt of Herc 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 Long Term Debt i.e., Herc Holdings' Long Term Debt and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.45 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Long Term Debt
Long-term debt is a debt that Herc Holdings has held for over one year. Long-term debt appears on Herc Holdings balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Herc Holdings balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Accounts Payable
An accounting item on the balance sheet that represents Herc Holdings 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 Herc 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 Herc Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Herc 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 Herc 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 metropolitan statistical area. For more detail on how to invest in Herc Stock please use our How to Invest in Herc Holdings guide.The Herc Holdings' current Tax Provision is estimated to increase to about 125 M, while Selling General Administrative is projected to decrease to under 396.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 379.9M | 558.9M | 663M | 629.9M | Other Operating Expenses | 1.7B | 2.2B | 2.6B | 2.5B |
Herc Holdings fundamental ratios Correlations
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Herc Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Herc Holdings fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 3.8B | 3.6B | 4.5B | 6.0B | 7.1B | 6.7B | |
| Total Current Liabilities | 323.1M | 328M | 529.9M | 604M | 508M | 482.6M | |
| Total Stockholder Equity | 644.3M | 742M | 976.9M | 1.1B | 1.3B | 1.2B | |
| Property Plant And Equipment Net | 3.0B | 2.8B | 3.4B | 4.4B | 5.0B | 4.7B | |
| Net Debt | 2.4B | 2.0B | 2.4B | 3.6B | 4.4B | 4.6B | |
| Retained Earnings | (351.2M) | (277.5M) | (53.4M) | 224.1M | 498M | 522.9M | |
| Accounts Payable | 126.5M | 125.8M | 280.6M | 318.3M | 212M | 201.4M | |
| Non Current Assets Total | 3.4B | 3.2B | 4.0B | 5.3B | 6.3B | 6.0B | |
| Other Assets | 2.5B | 2.5B | 2.7B | 34.1M | 30.7M | 29.2M | |
| Net Receivables | 306.7M | 301.2M | 388.1M | 522.5M | 563M | 534.9M | |
| Good Will | 385.1M | 396.4M | 231.5M | 418.7M | 483M | 458.9M | |
| Common Stock Shares Outstanding | 29.1M | 29.4M | 30.4M | 30.2M | 28.7M | 27.3M | |
| Liabilities And Stockholders Equity | 3.8B | 3.6B | 4.5B | 6.0B | 7.1B | 6.7B | |
| Non Current Liabilities Total | 2.8B | 2.5B | 3.0B | 4.2B | 5.3B | 5.0B | |
| Other Stockholder Equity | 1.1B | 1.1B | 1.1B | 1.0B | 893M | 848.4M | |
| Total Liab | 3.2B | 2.8B | 3.5B | 4.8B | 5.8B | 5.5B | |
| Total Current Assets | 399.7M | 367.1M | 469.7M | 643.5M | 732M | 695.4M | |
| Accumulated Other Comprehensive Income | (109.7M) | (107M) | (100.2M) | (128.5M) | (118M) | (112.1M) | |
| Intangible Assets | 291.5M | 295.9M | 388.7M | 431.4M | 467M | 443.7M | |
| Other Current Liab | 124.4M | 128.8M | 158.5M | 175.1M | 231M | 138.4M | |
| Net Tangible Assets | 259.2M | 345.6M | 356.7M | 258.6M | 297.4M | 312.3M | |
| Non Currrent Assets Other | 23.1M | 18.2M | 13.1M | 34.1M | 418M | 438.9M | |
| Long Term Debt | 2.1B | 1.6B | 1.9B | 2.9B | 3.7B | 3.9B | |
| Retained Earnings Total Equity | (351.2M) | (277.5M) | (53.4M) | 224.1M | 257.7M | 270.6M | |
| Capital Surpluse | 1.8B | 1.8B | 1.8B | 1.8B | 1.6B | 1.9B | |
| Deferred Long Term Liab | 576.9M | 474M | 536.8M | 646.5M | 581.9M | 1.0B | |
| Property Plant And Equipment Gross | 3.0B | 2.8B | 3.4B | 4.4B | 7.3B | 7.7B | |
| Short Term Debt | 60.9M | 44.3M | 53.9M | 58M | 37M | 35.2M | |
| Property Plant Equipment | 311.8M | 2.3B | 2.7B | 3.5B | 4.0B | 4.2B | |
| Short Long Term Debt Total | 2.4B | 2.0B | 2.5B | 3.6B | 4.5B | 2.5B | |
| Current Deferred Revenue | 11.3M | 13.5M | 13.7M | 19.4M | 121M | 127.1M | |
| Other Current Assets | 60M | 32.9M | 46.5M | 67.5M | 98M | 57.1M | |
| Other Liab | 498.3M | 518.3M | 568.9M | 686.7M | 789.7M | 583.8M |
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When determining whether Herc Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Herc Holdings' 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 Herc Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Herc Holdings Stock:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Herc 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 metropolitan statistical area. For more detail on how to invest in Herc Stock please use our How to Invest in Herc Holdings guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Trading Companies & Distributors space 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 Herc Holdings. If investors know Herc 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 Herc Holdings 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 0.081 | Dividend Share 2.628 | Earnings Share 12.22 | Revenue Per Share 121.337 | Quarterly Revenue Growth 0.063 |
The market value of Herc Holdings is measured differently than its book value, which is the value of Herc that is recorded on the company's balance sheet. Investors also form their own opinion of Herc Holdings' value that differs from its market value or its book value, called intrinsic value, which is Herc Holdings' 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 Herc Holdings' market value can be influenced by many factors that don't directly affect Herc Holdings' 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 Herc Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Herc Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Herc Holdings' 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.