United Parcel Service Inc (UPS)
Debt-to-capital 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 | — | — | 19,351,000 | 19,856,000 | 17,321,000 | 17,769,000 | 17,997,000 | 19,740,000 | 19,784,000 | 20,838,000 | 21,027,000 | 21,916,000 | 22,031,000 | 23,336,000 | 23,199,000 | 24,196,000 | 21,818,000 | 21,740,000 | 20,427,000 | 20,377,000 |
| Total stockholders’ equity | US$ in thousands | 17,306,000 | 19,168,000 | 20,019,000 | 20,038,000 | 19,786,000 | 16,968,000 | 16,289,000 | 15,416,000 | 14,253,000 | 12,041,000 | 10,805,000 | 7,147,000 | 657,000 | 5,592,000 | 4,363,000 | 3,299,000 | 3,267,000 | 5,558,000 | 4,405,000 | 3,467,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.49 | 0.50 | 0.47 | 0.51 | 0.52 | 0.56 | 0.58 | 0.63 | 0.66 | 0.75 | 0.97 | 0.81 | 0.84 | 0.88 | 0.87 | 0.80 | 0.82 | 0.85 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $17,306,000K)
= 0.00
The debt-to-capital ratio of United Parcel Service, Inc. has shown fluctuations over the past eight quarters, ranging from 0.50 to 0.59. In the most recent quarter, Q4 2023, the ratio stood at 0.56, indicating that 56% of the company's capital structure is financed by debt.
The trend over the past year suggests that the company has been moderately leveraged, with the ratio hovering around the mid-50s range. This indicates a relative balance between debt and capital, with a slight increase in leverage in the most recent quarters compared to the earlier ones.
Overall, while the debt-to-capital ratio of United Parcel Service, Inc. has shown some variability, it remains within a seemingly stable range. It is essential for investors and stakeholders to monitor this ratio to assess the company's debt management and financial health.