Uber Technologies Inc (UBER)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 51,244,000 | 47,117,000 | 41,514,000 | 39,599,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 21,558,000 | 14,780,000 | 12,350,000 | 11,058,000 | 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 |
| Financial leverage ratio | 2.38 | 3.19 | 3.36 | 3.58 | 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 |
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 fluctuated over the past few years. The ratio indicates the company's level of debt relative to its equity, reflecting the extent to which the company relies on debt financing to fund its operations.
From March 2020 to December 2020, the financial leverage ratio hovered around 2.65 to 3.23, suggesting a moderate level of leverage during that period. However, in March 2021, the ratio decreased to 2.55, indicating a slight reduction in leverage. This trend continued throughout June 2021 and September 2021, with the ratio hovering around 2.56 to 2.68.
Interestingly, starting from March 2022 onwards, there was a significant increase in the financial leverage ratio, reaching a peak of 4.98 in September 2022. This sharp increase may suggest that Uber Technologies Inc took on more debt relative to its equity during this period, potentially to finance growth initiatives or other strategic investments.
Subsequently, from December 2022 to December 2024, the financial leverage ratio gradually declined to 2.38. This decrease indicates a potential shift towards a more conservative capital structure or a reduction in debt levels relative to equity.
In conclusion, the financial leverage ratio of Uber Technologies Inc has displayed fluctuations over the analyzed period, with a significant increase in leverage followed by a gradual decrease in recent years. This trend underscores the importance of closely monitoring the company's debt levels and capital structure to maintain a healthy financial position and sustainable growth.
Peer comparison
Dec 31, 2024