Upbound Group Inc. (UPBD)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,721,430 | 2,763,620 | 2,993,330 | 1,750,980 | 1,582,800 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,721,430K
= 0.00
The debt-to-assets ratio of Upbound Group Inc. has been consistently 0.00 for the past five years, indicating that the company has no debt in relation to its total assets during this period. A debt-to-assets ratio of 0.00 suggests that the company has not taken on any financial obligations in the form of debt to finance its operations or investments. This could imply that Upbound Group Inc. has been operating without relying on borrowed funds and has been funding its activities through other means such as equity financing or internal resources. Additionally, a debt-to-assets ratio of 0.00 may reflect a strong financial position and stability, as the absence of debt obligations can reduce financial risk and improve the company's ability to weather economic uncertainties.
Peer comparison
Dec 31, 2023