Uber Technologies Inc (UBER)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	9,459,000	9,265,000	9,276,000	7,560,000	5,707,000
Total assets	US$ in thousands	38,699,000	32,109,000	38,774,000	33,252,000	31,761,000
Debt-to-assets ratio		0.24	0.29	0.24	0.23	0.18

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $9,459,000K ÷ $38,699,000K
= 0.24

Uber Technologies Inc's debt-to-assets ratio has shown some fluctuations over the past five years. In 2023, the ratio stands at 0.25, which indicates that 25% of the company's total assets are funded by debt. This ratio has decreased compared to 2022 and 2020 when it was at 0.29 and 0.26 respectively, suggesting a slightly lower reliance on debt financing in 2023.

When compared to 2021 and 2019, where the debt-to-assets ratios were 0.25 and 0.19 respectively, it is evident that the company's leverage position has been relatively consistent over the years. The 2023 ratio of 0.25 indicates a moderate level of debt utilization to support its asset base, implying a prudent debt management strategy by Uber Technologies Inc.

Overall, the fluctuations in the debt-to-assets ratio over the years suggest that Uber has been managing its debt levels effectively to support its asset base and financial operations.