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
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
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
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

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.