United Parcel Service Inc (UPS)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 70,070,000 | 70,857,000 | 71,124,000 | 69,405,000 | 62,492,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $70,070,000K
= 0.00
The debt-to-assets ratio of United Parcel Service Inc for the past five years has remained consistently at 0.00, indicating that the company has not used debt financing in its capital structure to finance its assets during this period. This suggests that UPS relies more on equity financing or has been able to effectively manage its debt levels relative to its asset base. A low or zero debt-to-assets ratio may indicate a strong financial position and lower financial risk for the company. However, it is important to consider other factors such as the cost of capital, growth prospects, and industry norms when assessing the overall financial health and performance of United Parcel Service Inc.