Uber Technologies Inc (UBER)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
The solvency ratios of Uber Technologies Inc indicate a strong financial position with consistently low levels of debt in relation to assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have remained at 0.00 throughout the periods, suggesting that the company is effectively utilizing its resources without relying heavily on debt financing.
The Financial leverage ratio, which measures the extent of a company's financial risk due to debt, shows a fluctuating trend but generally remains at manageable levels. The ratio was highest in the second half of 2022, indicating a temporary increase in financial leverage, but it has since decreased to a more stable level below 4. This indicates that Uber has taken steps to reduce its financial risk and maintain a healthy balance between debt and equity in its capital structure.
Overall, Uber's solvency ratios demonstrate a conservative approach to managing its financial obligations, with a focus on maintaining a strong financial position and mitigating risks related to excessive debt.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 8.08 | 6.87 | 2.29 | 1.47 | 1.75 | 0.62 | -1.70 | -6.29 | -16.95 | -18.50 | -21.95 | -20.49 | -11.73 | -12.59 | -9.76 | -10.89 | -14.17 | -15.03 | -16.04 | -22.08 |
The interest coverage ratio for Uber Technologies Inc has shown a significant improvement over the period from March 31, 2020, to December 31, 2024. The ratio started at a very low level of around -22 in March 2020, indicating a lack of earnings available to cover interest expenses. However, the company gradually improved its interest coverage, reaching positive territory by March 31, 2023, and showing consistent positive values thereafter.
This improvement in interest coverage suggests that Uber's earnings are becoming more sufficient to cover its interest expenses, indicating a strengthened financial position and reduced risk of defaulting on debt obligations. The trend indicates a positive development for the company's financial health and ability to meet its debt obligations through operating earnings.