Uber Technologies Inc (UBER)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 11,249,000 | 9,358,000 | 8,664,000 | 7,508,000 | 7,340,000 | 6,247,000 | 6,661,000 | 8,916,000 | 14,458,000 | 13,931,000 | 14,175,000 | 13,598,000 | 12,266,000 | 8,942,000 | 9,550,000 | 11,342,000 | 14,190,000 | 15,062,000 | 15,922,000 | -8,432,000 |
| Debt-to-capital ratio | 0.46 | 0.50 | 0.52 | 0.55 | 0.56 | 0.60 | 0.58 | 0.51 | 0.39 | 0.40 | 0.35 | 0.36 | 0.38 | 0.43 | 0.41 | 0.33 | 0.29 | 0.27 | 0.22 | — |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $9,459,000K ÷ ($9,459,000K + $11,249,000K)
= 0.46
The debt-to-capital ratio for Uber Technologies Inc has been fluctuating over the past eight quarters, ranging from 0.46 to 0.60. This ratio indicates the proportion of the company's total debt to its total capital, which includes both debt and equity.
The trend shows that the debt-to-capital ratio has generally been increasing over the analyzed period, suggesting a higher reliance on debt financing compared to equity. This could be a strategic decision by the company to leverage debt to fund its operations, investments, or growth initiatives.
The ratio peaked at 0.60 in Q3 2022, indicating a higher level of debt relative to capital at that time. Subsequently, there was a slight decrease in the ratio in the following quarters, indicating potential efforts to reduce debt or increase equity in the capital structure.
It is important for investors and stakeholders to monitor changes in the debt-to-capital ratio as it can indicate the company's financial health, risk profile, and ability to meet debt obligations. A higher ratio may signal higher financial risk and leverage, while a lower ratio may reflect a more conservative capital structure.
Peer comparison
Dec 31, 2023