Upbound Group Inc. (UPBD)
Debt-to-assets 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 2,721,430 | 2,626,080 | 2,585,920 | 2,741,120 | 2,763,620 | 2,768,600 | 2,767,130 | 2,777,120 | 2,993,330 | 3,053,670 | 3,035,300 | 3,006,960 | 1,750,980 | 1,667,560 | 1,576,630 | 1,607,060 | 1,582,800 | 1,497,930 | 1,744,210 | 1,681,420 |
| 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 |
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 consistently been 0.00 over the past several periods, indicating that the company has not taken on any debt relative to its total assets during those periods. This suggests that the company may be funding its operations primarily through equity or other non-debt sources. A low or zero debt-to-assets ratio can be seen as a positive indicator of financial health and stability, as it implies lower financial risk and less reliance on borrowing to finance operations. It may also demonstrate strong control over the company's capital structure and a conservative approach to managing financial leverage. However, it is essential to assess other financial metrics and aspects of the business to gain a more comprehensive understanding of Upbound Group Inc.'s financial performance and risk profile.
Peer comparison
Dec 31, 2023