United Rentals Inc (URI)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $8,130,000K
= 0.00

The debt-to-equity ratio of United Rentals, Inc. has fluctuated over the past eight quarters, ranging from 1.42 to 1.63. This ratio indicates the proportion of the company's financing that comes from creditors (debt) as compared to shareholders (equity). A higher ratio suggests that the company is more reliant on debt to finance its operations and expansion, which can indicate higher financial risk.

The increasing trend in the debt-to-equity ratio from 2022 to 2023 may signal a rising reliance on debt for financing. This could be a cause for concern as it indicates potential challenges in servicing debt obligations and may lead to increased financial risk for the company.

It is important for investors and stakeholders to closely monitor the trend of this ratio to assess the company's ability to manage its debt levels effectively and sustain long-term financial stability.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-equity ratio
United Rentals Inc
URI
0.00
Air Lease Corporation
AL
0.00
Archrock Inc
AROC
1.82
Upbound Group Inc.
UPBD
0.00

See also:

United Rentals Inc Debt to Equity (Quarterly Data)