United Rentals Inc (URI)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 8,130,000 | 7,062,000 | 5,991,000 | 4,545,000 | 3,830,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $8,130,000K)
= 0.00
The debt-to-capital ratio for United Rentals, Inc. has shown a decreasing trend from 0.75 in 2019 to 0.59 in 2023. This indicates that the company's reliance on debt relative to its total capital has been declining over the years. A lower debt-to-capital ratio generally signifies a lower financial risk for the company, as it suggests that a larger portion of the company's capital is funded by equity rather than debt. This downward trend in the ratio could indicate that the company has been actively managing its debt levels or improving its capital structure over the past five years, which may be viewed as a positive indicator by investors and creditors.
Peer comparison
Dec 31, 2023