Upbound Group Inc. (UPBD)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total assets	US$ in thousands	2,649,660	2,721,430	2,763,620	2,993,330	1,750,980
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,649,660K
= 0.00

The debt-to-assets ratio of Upbound Group Inc. has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has been financing its assets entirely through equity rather than debt. A debt-to-assets ratio of 0.00 signifies that the company has no debt in relation to its total assets, suggesting a strong financial position with low financial risk. It highlights that creditors have no claims against the company's assets, reflecting a conservative approach to financing that may foster stability and financial flexibility.

Peer comparison

Dec 31, 2024

Company name

Symbol

Debt-to-assets ratio

Upbound Group Inc.

UPBD

0.00

Air Lease Corporation