What is Herc Holdings's net debt?

Herc Holdings (HRI) reported net debt of $9.61B in Q1 2026.

How has Herc Holdings's net debt changed year-over-year?

Herc Holdings's net debt increased by 92.7% year-over-year, from $4.99B to $9.61B.

What is the long-term trend for Herc Holdings's net debt?

Over 5 years (2020 to 2025), Herc Holdings's net debt has grown at a 37.7% compound annual growth rate (CAGR), from $1.95B to $9.64B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Herc Holdings HRI Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

See full

Revenue$1.1B+32.3%

Net income-$24.0M-33.3%

EPS (diluted)-$0.72-14.3%

Balance sheet

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Cash & equivalents$43.0M-10.4%

Total debt$9.7B+91.7%

Total equity$1.9B+39.8%

Total assets$13.6B+76.0%

Cash flow

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Operating cash flow$277.0M+62.0%

CapEx$41.0M+24.2%

Free cash flow$236.0M+71.0%

Valuation

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Market cap$4.78B-13.1%

Profitability

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Gross margin97.8%—

Net margin-0.1%—

FCF margin22%-5.3pp

Returns & leverage

See full

Return on equity-0.3%—

Debt / equity5.1×+1.4×

Current ratio1.5×0.0×

Where this comes from

Calculated from Herc Holdings’s reported figures.

$9.7Btotal debt−$43.0Mcash and equivalents=$9.61B

The official record: Herc Holdings’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Herc Holdings's net debt?: Herc Holdings (HRI) reported net debt of $9.61B in Q1 2026.
How has Herc Holdings's net debt changed year-over-year?: Herc Holdings's net debt increased by 92.7% year-over-year, from $4.99B to $9.61B.
What is the long-term trend for Herc Holdings's net debt?: Over 5 years (2020 to 2025), Herc Holdings's net debt has grown at a 37.7% compound annual growth rate (CAGR), from $1.95B to $9.64B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.