Uber Technologies Inc (UBER)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 11,249,000 | 7,340,000 | 14,458,000 | 12,266,000 | 14,190,000 |
| Debt-to-equity ratio | 0.84 | 1.26 | 0.64 | 0.62 | 0.40 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $9,459,000K ÷ $11,249,000K
= 0.84
The debt-to-equity ratio of Uber Technologies Inc has shown fluctuations over the past five years. As of December 31, 2023, the debt-to-equity ratio stands at 0.85, indicating that the company has $0.85 in debt for every $1 of equity. This represents a decrease from the previous year, where the ratio was 1.28.
In 2022, the ratio was at its highest point over the period analyzed, suggesting a higher reliance on debt financing compared to equity. The subsequent decline in 2023 could signify efforts to reduce debt levels and improve the company's financial leverage.
Comparing to 2021 and 2020, the debt-to-equity ratio of 0.66 and 0.70, respectively, show a moderate level of debt relative to equity. However, it is worth noting that in 2019, the ratio was notably lower at 0.42, indicating a relatively stronger equity position compared to debt.
Overall, while debt remains a significant component of Uber's capital structure, the decreasing trend in the debt-to-equity ratio from 2022 to 2023 suggests a potential shift towards a more balanced mix of debt and equity financing.
Peer comparison
Dec 31, 2023