Upbound Group Inc. (UPBD)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 560,372 | 525,146 | 513,276 | 592,080 | 458,963 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $560,372K)
= 0.00
The debt-to-capital ratio of Upbound Group Inc. has consistently remained at 0.00 for the past five years, including from 2019 to 2023. This indicates that the company has not utilized debt as a source of financing its operations in relation to its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company has financed its operations primarily through equity or other non-debt sources, leading to a low level of financial risk associated with debt obligations. This stable trend in the debt-to-capital ratio may signify a deliberate strategic choice by Upbound Group Inc. to maintain a conservative capital structure and avoid the costs and risks associated with debt financing. Further analysis and exploration of the company's financial strategies and business performance would provide more insights into its financial health and risk management practices.
Peer comparison
Dec 31, 2023