Upbound Group Inc. (UPBD)
Debt-to-equity 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-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, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $560,372K
= 0.00
Based on the data provided, it appears that Upbound Group Inc. has consistently maintained a debt-to-equity ratio of 0.00 for the past several periods. A debt-to-equity ratio of 0.00 signifies that the company has no debt in its capital structure and that its funding comes entirely from equity sources.
Having a debt-to-equity ratio of 0.00 can indicate a strong financial position in terms of solvency and risk management, as there is no financial leverage present. This suggests that the company is not relying on borrowed funds to finance its operations or growth, which can be viewed positively by investors and creditors.
However, it is important to note that a debt-to-equity ratio of 0.00 may also indicate underutilization of debt as a potential source of capital, which could limit the company's ability to take advantage of leverage for potential growth opportunities or tax benefits.
Overall, while a debt-to-equity ratio of 0.00 may reflect a conservative financing approach and low financial risk, it is essential for Upbound Group Inc. to consider the optimal mix of debt and equity in its capital structure to ensure efficient capital utilization and balanced risk management in the long term.
Peer comparison
Dec 31, 2023