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Re:The Hertz Story Isn’t What You Think by SomewhatLikely on Monday June 01, 2020 @01:33PM (#23381212)
That still doesn't explain the large gap between debt and market cap mentioned in the article. If the debt was all tied up in car assets those would balance out or even lead to a positive market cap difference assuming they can generate profits from renting the cars.
Re:The Hertz Story Isn’t What You Think by airstrike on Monday June 01, 2020 @02:31PM (#23381977)
Equity holders stand to lose everything if the company goes south, so if there's so much debt that the future of the company is at risk, there's something call "cost of financial distress" that reduces the value of holding that stock