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.
Peer comparison
Dec 31, 2023