Though it had piled up $17 billion in debt, Hertz, which also owns
the Dollar and Thrifty brands, was reporting healthy sales at the
start 2020. The company’s revenue rose 6 percent in January and
How in the world does it make sense for a company in a low-margin, long-established business with financials like this to rack up $17 billion in debt? When times were good this amount of debt would consume decades of Hertz’s profits. This is bananas.