Uber Technologies Inc (UBER)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 38,699,000 | 35,949,000 | 34,068,000 | 32,451,000 | 32,109,000 | 31,112,000 | 31,014,000 | 32,812,000 | 38,774,000 | 36,884,000 | 36,251,000 | 34,655,000 | 33,252,000 | 28,894,000 | 28,240,000 | 30,090,000 | 31,761,000 | 32,292,000 | 30,980,000 | 24,390,000 |
| 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 |
| Financial leverage ratio | 3.44 | 3.84 | 3.93 | 4.32 | 4.37 | 4.98 | 4.66 | 3.68 | 2.68 | 2.65 | 2.56 | 2.55 | 2.71 | 3.23 | 2.96 | 2.65 | 2.24 | 2.14 | 1.95 | — |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $38,699,000K ÷ $11,249,000K
= 3.44
Uber Technologies Inc's financial leverage ratio has fluctuated over the past eight quarters, ranging from a low of 3.44 to a high of 4.98. A higher financial leverage ratio indicates a higher level of debt compared to equity in the company's capital structure, suggesting a higher financial risk.
The trend in Uber's financial leverage ratio appears to have been decreasing from Q2 2022 to Q3 2023, with the ratio declining from 4.98 to 3.84. This could indicate a reduction in the company's reliance on debt financing or an increase in equity in its capital structure during this period.
However, the ratio increased in Q4 2023 to 3.44, suggesting a slight uptick in the company's leverage compared to the previous quarter. This increase may be an indication of a shift towards more debt financing or a decrease in equity in Uber's capital structure.
Overall, Uber's financial leverage ratio has shown some volatility, and it would be important to monitor future trends to assess the company's capital structure and level of financial risk effectively.
Peer comparison
Dec 31, 2023