United Rentals Inc (URI)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $8,130,000K
= 0.00
The debt-to-equity ratio of United Rentals, Inc. has exhibited a downward trend over the past five years, indicating a decrease in the company's reliance on debt to finance its operations in relation to shareholders' equity. In 2019, the company had a relatively high debt-to-equity ratio of 2.98, which then gradually declined to 2.13 in 2020, 1.62 in 2021, 1.61 in 2022, and further to 1.42 in 2023. This downward trend may suggest that the company has been reducing its debt levels or increasing its equity position, potentially improving its financial stability and risk profile. Overall, the declining debt-to-equity ratio implies a more conservative capital structure and a lower level of financial leverage for United Rentals, Inc. over the past five years.
Peer comparison
Dec 31, 2023