United Rentals Inc (URI)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| 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 |
| Financial leverage ratio | 3.27 | 3.31 | 3.33 | 3.28 | 3.15 | 3.33 | 3.44 | 3.45 | 3.42 | 3.37 | 3.44 | 3.32 | 3.39 | 3.70 | 3.86 | 3.70 | 3.93 | 4.30 | 4.58 | 5.19 |
United Rentals Inc has consistently maintained a strong solvency position, as evidenced by its low debt-to-assets, debt-to-capital, and debt-to-equity ratios, all of which have remained at 0.00 across the reported quarters from March 2020 to December 2024. This indicates that the company has minimal debt relative to its assets, capital, and equity, highlighting a conservative approach to financing its operations.
The financial leverage ratio, which measures the extent to which the company relies on debt financing, has shown a declining trend over the same period, decreasing from 5.19 in March 2020 to 3.27 in December 2024. This reduction in financial leverage signifies that the company has been gradually reducing its reliance on debt to fund its operations and has been managing its capital structure effectively.
Overall, United Rentals Inc's solvency ratios reflect a prudent financial management strategy characterized by a low level of debt and a decreasing reliance on debt financing, indicating a strong financial position and the ability to meet its financial obligations effectively in the long term.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 5.88 | 6.01 | 6.12 | 6.11 | 6.03 | 6.25 | 6.58 | 6.79 | 7.26 | 7.27 | 6.28 | 5.91 | 5.37 | 4.48 | 3.18 | 2.87 | 2.69 | 2.65 | 3.42 | 3.38 |
United Rentals Inc's interest coverage ratio has shown a gradual improvement over the past few years, indicating the company's ability to cover its interest expenses with operating income. As of December 31, 2024, the interest coverage ratio stands at 5.88, suggesting that the company's operating income is nearly 6 times higher than its interest expenses. This trend is positive and demonstrates a healthy financial position for United Rentals Inc. It is worth noting that the company's interest coverage has been consistently above 3 in recent periods, reaching its peak at 7.27 on September 30, 2022. This indicates that the company has sufficient earnings to meet its interest obligations comfortably, which may be attractive to lenders and investors. Overall, the improving trend in United Rentals Inc's interest coverage ratio reflects a strong financial performance and the company's ability to manage its debt effectively.