Uber Technologies Inc (UBER)
Debt-to-equity 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-equity ratio | 0.84 | 0.99 | 1.07 | 1.23 | 1.26 | 1.48 | 1.39 | 1.04 | 0.64 | 0.67 | 0.55 | 0.57 | 0.62 | 0.75 | 0.70 | 0.50 | 0.40 | 0.38 | 0.28 | — |
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 demonstrated fluctuation in recent quarters. The ratio was 0.85 in Q4 2023, indicating that the company had $0.85 in debt for every $1 of equity. This was a decrease from the previous quarter, where the ratio was 1.00. The downward trend suggests a reduction in the company's reliance on debt financing relative to equity.
Throughout the year, the debt-to-equity ratio has shown variability, with Q1 2023 recording the highest ratio of 1.25, indicating a higher proportion of debt in the company's capital structure. This was notably higher than Q2 and Q3 2022, where the ratio ranged from 1.43 to 1.51, reflecting a period of increased debt compared to equity.
Overall, the debt-to-equity ratio of Uber Technologies Inc has experienced fluctuations, possibly influenced by the company's financing decisions and capital structure adjustments. It is important for stakeholders to closely monitor these changes to assess the company's financial risk and leverage position.
Peer comparison
Dec 31, 2023