Herc Holdings annual debt-to-equity ratio
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2025
Herc Holdings Debt-to-Equity Ratio Growth & History (HRI)
Herc Holdings's debt-to-equity ratio was 4.92 for fiscal 2025.
View full Herc Holdings company overviewHerc Holdings annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 4.92 | 1.36 | +38.25% |
| 2024 | 2024-12-31 | 3.56 | 0.12 | +3.62% |
| 2023 | 2023-12-31 | 3.43 | 0.27 | +8.59% |
| 2022 | 2022-12-31 | 3.16 | 0.75 | +31.26% |
| 2021 | 2021-12-31 | 2.41 | −0.19 | −7.38% |
| 2020 | 2020-12-31 | 2.60 | −0.96 | −26.86% |
| 2019 | 2019-12-31 | 3.56 | −0.21 | −5.57% |
| 2018 | 2018-12-31 | 3.77 | −0.47 | −11.00% |
| 2017 | 2017-12-31 | 4.23 | −2.68 | −38.73% |
| 2016 | 2016-12-31 | 6.91 | — | — |
| 2014 | 2014-12-31 | 9.44 | 0.76 | +8.70% |
| 2013 | 2013-12-31 | 8.69 | 2.47 | +39.80% |
| 2012 | 2012-12-31 | 6.21 | 1.15 | +22.70% |
| 2011 | 2011-12-31 | 5.06 | −0.31 | −5.85% |
| 2010 | 2010-12-31 | 5.38 | 0.40 | +7.96% |
| 2009 | 2009-12-31 | 4.98 | — | — |
Herc Holdings quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 5.01 | −0.11 | −2.23% |
| Q1 2026 | 2026-03-31 | 5.03 | 1.39 | +38.12% |
| Q4 2025 | 2025-12-31 | 4.92 | 1.36 | +38.25% |
| Q3 2025 | 2025-09-30 | 5.02 | 1.60 | +46.91% |
| Q2 2025 | 2025-06-30 | 5.12 | 1.66 | +48.16% |
| Q1 2025 | 2025-03-31 | 3.64 | 0.19 | +5.59% |
| Q4 2024 | 2024-12-31 | 3.56 | 0.12 | +3.62% |
| Q3 2024 | 2024-09-30 | 3.42 | −0.23 | −6.26% |
| Q2 2024 | 2024-06-30 | 3.46 | −0.33 | −8.60% |
| Q1 2024 | 2024-03-31 | 3.45 | −0.09 | −2.47% |
| Q4 2023 | 2023-12-31 | 3.43 | 0.27 | +8.59% |
| Q3 2023 | 2023-09-30 | 3.64 | 0.58 | +18.92% |
| Q2 2023 | 2023-06-30 | 3.78 | 0.92 | +32.13% |
| Q1 2023 | 2023-03-31 | 3.54 | 0.95 | +37.00% |
| Q4 2022 | 2022-12-31 | 3.16 | 0.75 | +31.26% |
| Q3 2022 | 2022-09-30 | 3.06 | 0.67 | +27.93% |
| Q2 2022 | 2022-06-30 | 2.86 | 0.64 | +29.10% |
| Q1 2022 | 2022-03-31 | 2.58 | 0.16 | +6.67% |
| Q4 2021 | 2021-12-31 | 2.41 | −0.19 | −7.38% |
| Q3 2021 | 2021-09-30 | 2.40 | −0.65 | −21.39% |
| Q2 2021 | 2021-06-30 | 2.22 | −1.25 | −36.05% |
| Q1 2021 | 2021-03-31 | 2.42 | −1.27 | −34.47% |
| Q4 2020 | 2020-12-31 | 2.60 | −0.96 | −26.86% |
| Q3 2020 | 2020-09-30 | 3.05 | −0.95 | −23.76% |
| Q2 2020 | 2020-06-30 | 3.47 | −0.31 | −8.18% |
| Q1 2020 | 2020-03-31 | 3.69 | −0.21 | −5.36% |
| Q4 2019 | 2019-12-31 | 3.56 | −0.21 | −5.57% |
| Q3 2019 | 2019-09-30 | 4.00 | −0.07 | −1.74% |
| Q2 2019 | 2019-06-30 | 3.77 | −0.53 | −12.39% |
| Q1 2019 | 2019-03-31 | 3.90 | −0.25 | −5.97% |
| Q4 2018 | 2018-12-31 | 3.77 | −0.47 | −11.00% |
| Q3 2018 | 2018-09-30 | 4.07 | −3.65 | −47.30% |
| Q2 2018 | 2018-06-30 | 4.31 | −4.04 | −48.42% |
| Q1 2018 | 2018-03-31 | 4.15 | −3.44 | −45.35% |
| Q4 2017 | 2017-12-31 | 4.23 | −2.68 | −38.73% |
| Q3 2017 | 2017-09-30 | 7.72 | 1.65 | +27.13% |
| Q2 2017 | 2017-06-30 | 8.35 | 2.22 | +36.19% |
| Q1 2017 | 2017-03-31 | 7.59 | −0.29 | −3.74% |
| Q4 2016 | 2016-12-31 | 6.91 | — | — |
| Q3 2016 | 2016-09-30 | 6.07 | −2.41 | −28.44% |
| Q2 2016 | 2016-06-30 | 6.13 | −5.49 | −47.24% |
| Q1 2016 | 2016-03-31 | 7.89 | 0.93 | +13.29% |
| Q3 2015 | 2015-09-30 | 8.49 | — | — |
| Q2 2015 | 2015-06-30 | 11.62 | — | — |
| Q1 2015 | 2015-03-31 | 6.96 | — | — |
| Q4 2014 | 2014-12-31 | 9.44 | 0.76 | +8.70% |
| Q4 2013 | 2013-12-31 | 8.69 | 2.47 | +39.80% |
| Q3 2013 | 2013-09-30 | 6.07 | 1.07 | +21.40% |
| Q2 2013 | 2013-06-30 | 8.24 | 2.74 | +49.83% |
| Q1 2013 | 2013-03-31 | 8.01 | 2.83 | +54.61% |
| Q4 2012 | 2012-12-31 | 6.21 | 1.15 | +22.70% |
| Q3 2012 | 2012-09-30 | 5.00 | −0.57 | −10.17% |
| Q2 2012 | 2012-06-30 | 5.50 | −0.02 | −0.39% |
| Q1 2012 | 2012-03-31 | 5.18 | −0.16 | −2.92% |
| Q4 2011 | 2011-12-31 | 5.06 | −0.31 | −5.85% |
| Q3 2011 | 2011-09-30 | 5.57 | −0.10 | −1.70% |
| Q2 2011 | 2011-06-30 | 5.52 | −0.64 | −10.45% |
| Q1 2011 | 2011-03-31 | 5.34 | — | — |
| Q4 2010 | 2010-12-31 | 5.38 | 0.40 | +7.96% |
| Q3 2010 | 2010-09-30 | 5.67 | — | — |
| Q2 2010 | 2010-06-30 | 6.17 | — | — |
| Q4 2009 | 2009-12-31 | 4.98 | — | — |
Herc Holdings debt-to-equity ratio trends
Over the last five fiscal years, Herc Holdings's debt-to-equity ratio increased from 2.60 to 4.92, a change of 2.32. The latest reported quarter, Q2 2026, shows 5.01.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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