United Rentals Inc (URI)

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
Total stockholders’ equity US$ in thousands 8,130,000 7,756,000 7,414,000 7,130,000 7,062,000 6,353,000 6,046,000 6,084,000 5,991,000 5,483,000 5,094,000 4,745,000 4,545,000 4,161,000 3,907,000 3,635,000 3,830,000 3,650,000 3,478,000 3,375,000
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 relatively stable trend over the past eight quarters, hovering around the range of 0.59 to 0.62. This indicates that the company has maintained a consistent level of debt in relation to its total capital during this period. A debt-to-capital ratio of 0.59 to 0.62 suggests that the company's debt constitutes approximately 59% to 62% of its total capital, which includes both debt and equity. Overall, the stability in the ratio implies a maintained balance in the company's capital structure and a steady approach to managing its debt obligations.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-capital ratio
United Rentals Inc
URI
0.00
Air Lease Corporation
AL
0.00
Archrock Inc
AROC
0.65
Upbound Group Inc.
UPBD
0.00

See also:

United Rentals Inc Debt to Capital (Quarterly Data)