Upbound Group Inc. (UPBD)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $628,984K
= 0.00
The debt-to-equity ratio of Upbound Group Inc. has consistently been 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has been utilizing proportionately zero debt to finance its operations and growth, relying solely on equity financing. A debt-to-equity ratio of 0.00 signifies that the company's financial structure is conservative, with no debt obligations relative to its equity. This may imply a lower financial risk profile, as the company is not carrying debt that needs to be serviced through interest payments.
A consistent debt-to-equity ratio of 0.00 over the years may suggest that Upbound Group Inc. has been managing its capital structure prudently, avoiding excessive leverage and potential financial distress associated with high debt levels. It also indicates that the company's investors and creditors may view it as financially stable and less risky due to its lower reliance on debt financing.
Overall, the trend of a zero debt-to-equity ratio for Upbound Group Inc. reflects a strategic approach to capital management, emphasizing financial stability and minimizing risk exposure associated with debt.
Peer comparison
Dec 31, 2024