Hertz Global Holdings Inc (HTZ)

[deekshant]

Profitability including BK total Assets vs Liability

Ask yourself, what additional 1 billion can do to chapter 11

"On its Chapter 11 petition, Hertz listed $25.8 billion in assets. It has over $1 billion in cash and $24.4 billion of debt.

Marinello did make progress. Hertz reported nine consecutive quarters of earnings growth and expanded revenue in 10 straight. But when the pandemic decimated the rental industry, Hertz still had too little cash and a mountain of debt. Marinello resigned May 16, less than a week before the bankruptcy filing.

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