United Rentals Inc (URI)
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 | 28,163,000 | 25,589,000 | 24,183,000 | 20,292,000 | 17,868,000 |
| 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 ÷ $28,163,000K
= 0.00
The debt-to-assets ratio of United Rentals 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 financing to acquire its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's total assets are entirely financed by equity, implying a lower financial risk as there is no debt obligation that needs to be serviced. United Rentals Inc's ability to operate with minimal debt in its capital structure may reflect a strong financial position and sound financial management practices.
Peer comparison
Dec 31, 2024