Uber Technologies Inc (UBER)

Debt-to-capital ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	21,558,000	11,249,000	7,340,000	14,458,000	12,266,000
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $21,558,000K)
= 0.00

The debt-to-capital ratio for Uber Technologies Inc has consistently been at 0.00 from December 31, 2020, to December 31, 2024. This ratio indicates that the company has not used any debt to finance its operations and investments, relying entirely on equity capital. A debt-to-capital ratio of 0.00 suggests that Uber's capital structure is not leveraged with debt, which can be viewed positively as it indicates lower financial risk and less interest expense burden. However, it's also important to consider that a very low debt-to-capital ratio may limit the company's ability to benefit from the tax advantages of debt financing or optimize its capital structure for growth opportunities. Overall, a consistent debt-to-capital ratio of 0.00 reflects Uber's conservative debt management approach and its reliance on equity financing for its business activities.