Upbound Group Inc. (UPBD)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 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 | 458,963 | 431,740 | 391,890 | 294,252 |
| 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, 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 for Upbound Group Inc. has consistently been at 0.00 for each reporting period listed in the table. This indicates that the company has not utilized any debt to finance its operations and investments relative to its capital structure. A debt-to-capital ratio of 0.00 implies that the company's capital structure is entirely composed of equity, with no debt financing involved. This can be seen as a positive indicator from a risk perspective, as it suggests that the company is not exposed to the potential financial risks associated with debt obligations. However, it is important to note that a higher level of debt can also be beneficial for a company, allowing it to benefit from the tax deductibility of interest payments and potentially achieve higher returns on equity. Overall, the consistent 0.00 debt-to-capital ratio for Upbound Group Inc. highlights its conservative approach to capital structure and financial risk management.
Peer comparison
Dec 31, 2023