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
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
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
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

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.