United Parcel Service Inc (UPS)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 16,718,000 | 17,306,000 | 19,786,000 | 14,253,000 | 741,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $16,718,000K)
= 0.00
The debt-to-capital ratio of United Parcel Service Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations or growth during this period. A debt-to-capital ratio of 0.00 suggests that the company relies entirely on equity to fund its operations, which can be viewed positively as it demonstrates financial stability and a lower risk of default. UPS appears to have a strong capital structure with no significant debt in its overall capital mix.