Uber Technologies Inc (UBER)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 51,244,000 | 38,699,000 | 32,109,000 | 38,774,000 | 33,252,000 |
| Total stockholders’ equity | US$ in thousands | 21,558,000 | 11,249,000 | 7,340,000 | 14,458,000 | 12,266,000 |
| Financial leverage ratio | 2.38 | 3.44 | 4.37 | 2.68 | 2.71 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $51,244,000K ÷ $21,558,000K
= 2.38
The financial leverage ratio of Uber Technologies Inc has experienced fluctuations over the past five years. In December 31, 2020, the ratio was 2.71, indicating that the company had $2.71 of debt for every $1 of equity. Over the next two years, the ratio decreased slightly to 2.68 by December 31, 2021.
However, there was a significant increase in the financial leverage ratio to 4.37 by December 31, 2022, suggesting a higher level of financial leverage and potential risk due to increased debt relative to equity. Subsequently, by December 31, 2023, the ratio decreased to 3.44, indicating a reduction in financial leverage compared to the previous year.
In the most recent year, December 31, 2024, the financial leverage ratio decreased further to 2.38, signaling a lower level of debt relative to equity compared to the peak observed in 2022. Overall, the company's financial leverage ratio has shown variability, highlighting the importance of monitoring debt levels to assess the company's financial risk and stability.
Peer comparison
Dec 31, 2024