Upbound Group Inc. (UPBD)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $560,372K
= 0.00
The debt-to-equity ratio of Upbound Group Inc. has consistently been 0.00 for the past five years, from 2019 to 2023. A debt-to-equity ratio of 0.00 indicates that the company has no debt on its balance sheet relative to its equity. This suggests that the company is funding its operations primarily through equity financing rather than taking on debt. Having a low or zero debt-to-equity ratio can be a positive indicator as it signifies lower financial risk and the absence of interest payments that could burden the company's cash flows. However, it's important to note that a zero debt-to-equity ratio may also indicate that the company is not taking advantage of potential financial leverage to maximize returns for its shareholders. Overall, Upbound Group Inc.'s consistent zero debt-to-equity ratio over the years suggests a conservative financial approach with a focus on maintaining a strong equity base to support its operations and growth.
Peer comparison
Dec 31, 2023