Upbound Group Inc. (UPBD)
Debt-to-capital ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 628,984 | 611,820 | 596,301 | 578,295 | 560,372 | 597,245 | 625,593 | 670,342 | 525,146 | 548,163 | 558,834 | 523,058 | 513,276 | 854,079 | 825,164 | 742,187 | 592,080 | 542,337 | 486,576 | 476,023 |
| 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 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $628,984K)
= 0.00
Upbound Group Inc. has consistently maintained a debt-to-capital ratio of 0.00 over the past several quarters, as reflected in the data provided from March 31, 2020, to December 31, 2024. The debt-to-capital ratio is a financial metric that measures the proportion of a company's capital structure that is financed by debt, indicating the level of financial leverage used by the company.
A debt-to-capital ratio of 0.00 indicates that the company has not utilized any debt to finance its operations or investments relative to its total capital structure. This could suggest that Upbound Group Inc. relies more on equity financing or self-funding for its activities, which may signify a conservative approach to managing its financial obligations and risks.
While having a low or zero debt-to-capital ratio can be indicative of financial stability and lower financial risk, it can also imply missed opportunities for leveraging debt for potential growth or tax advantages. Companies with a debt-free capital structure may have more flexibility in their operations and may be better positioned to weather economic downturns or changes in the market conditions.
Overall, the consistent trend of a 0.00 debt-to-capital ratio for Upbound Group Inc. indicates a cautious financial strategy with minimal reliance on debt financing, which may align with the company's risk tolerance and long-term goals.
Peer comparison
Dec 31, 2024