Uber Technologies Inc (UBER)

Debt-to-assets ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	9,459,000	9,252,000	9,255,000	9,257,000	9,265,000	9,268,000	9,271,000	9,273,000	9,276,000	9,279,000	7,798,000	7,801,000	7,560,000	6,667,000	6,691,000	5,703,000	5,707,000	5,711,000	4,526,000	6,939,000
Total assets	US$ in thousands	38,699,000	35,949,000	34,068,000	32,451,000	32,109,000	31,112,000	31,014,000	32,812,000	38,774,000	36,884,000	36,251,000	34,655,000	33,252,000	28,894,000	28,240,000	30,090,000	31,761,000	32,292,000	30,980,000	24,390,000
Debt-to-assets ratio		0.24	0.26	0.27	0.29	0.29	0.30	0.30	0.28	0.24	0.25	0.22	0.23	0.23	0.23	0.24	0.19	0.18	0.18	0.15	0.28

December 31, 2023 calculation

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

The debt-to-assets ratio for Uber Technologies Inc has shown a fairly consistent trend over the past eight quarters. The ratio has ranged from 0.25 to 0.31 during this period.

From Q1 2022 to Q2 2023, the ratio experienced a gradual increase from 0.29 to 0.28, indicating a slight deterioration in the company's leverage position. However, the ratio stabilized at 0.28 in Q2 2023 and started to improve slightly in Q3 2023 at 0.26. This improvement continued into Q4 2023, where the ratio further decreased to 0.25, suggesting a positive development in managing Uber's debt in relation to its assets.

Overall, the decreasing trend in the debt-to-assets ratio may indicate that Uber Technologies Inc is effectively managing its debt levels relative to its asset base. This trend suggests a potentially stronger financial position and lower financial risk for the company in the recent quarters.