Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Uber Technologies Inc., solvency ratios
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Uber Technologies Inc. debt to equity ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Uber Technologies Inc. debt to equity ratio (including operating lease liability) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Uber Technologies Inc. debt to capital ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Uber Technologies Inc. debt to capital ratio (including operating lease liability) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Uber Technologies Inc. debt to assets ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Uber Technologies Inc. debt to assets ratio (including operating lease liability) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Uber Technologies Inc. financial leverage ratio increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Uber Technologies Inc. interest coverage ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Uber Technologies Inc. fixed charge coverage ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Debt to Equity
Uber Technologies Inc., debt to equity calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of long-term debt | 25) | 27) | 27) | 27) | 27) | |
| Finance leases liabilities, current | 156) | 115) | 191) | 177) | 165) | |
| Long-term debt, net of current portion | 9,459) | 9,265) | 9,276) | 7,560) | 5,707) | |
| Finance leases liabilities, non-current | 322) | 284) | 43) | 120) | 143) | |
| Total debt | 9,962) | 9,691) | 9,537) | 7,884) | 6,042) | |
| Total Uber Technologies, Inc. stockholders’ equity | 11,249) | 7,340) | 14,458) | 12,266) | 14,190) | |
| Solvency Ratio | ||||||
| Debt to equity1 | 0.89 | 1.32 | 0.66 | 0.64 | 0.43 | |
| Benchmarks | ||||||
| Debt to Equity, Competitors2 | ||||||
| FedEx Corp. | 0.79 | 0.81 | 0.86 | 1.20 | 0.99 | |
| Union Pacific Corp. | 2.20 | 2.74 | 2.10 | 1.58 | 1.39 | |
| United Parcel Service Inc. | 1.29 | 0.99 | 1.54 | 37.53 | 7.73 | |
| Debt to Equity, Sector | ||||||
| Transportation | 1.23 | 1.29 | 1.22 | 1.69 | 1.39 | |
| Debt to Equity, Industry | ||||||
| Industrials | 1.43 | 1.32 | 1.25 | 1.73 | 1.86 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to equity = Total debt ÷ Total Uber Technologies, Inc. stockholders’ equity
= 9,962 ÷ 11,249 = 0.89
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Uber Technologies Inc. debt to equity ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Debt to Equity (including Operating Lease Liability)
Uber Technologies Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of long-term debt | 25) | 27) | 27) | 27) | 27) | |
| Finance leases liabilities, current | 156) | 115) | 191) | 177) | 165) | |
| Long-term debt, net of current portion | 9,459) | 9,265) | 9,276) | 7,560) | 5,707) | |
| Finance leases liabilities, non-current | 322) | 284) | 43) | 120) | 143) | |
| Total debt | 9,962) | 9,691) | 9,537) | 7,884) | 6,042) | |
| Operating lease liabilities, current | 190) | 201) | 185) | 175) | 196) | |
| Operating lease liabilities, non-current | 1,550) | 1,673) | 1,644) | 1,544) | 1,523) | |
| Total debt (including operating lease liability) | 11,702) | 11,565) | 11,366) | 9,603) | 7,761) | |
| Total Uber Technologies, Inc. stockholders’ equity | 11,249) | 7,340) | 14,458) | 12,266) | 14,190) | |
| Solvency Ratio | ||||||
| Debt to equity (including operating lease liability)1 | 1.04 | 1.58 | 0.79 | 0.78 | 0.55 | |
| Benchmarks | ||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||
| FedEx Corp. | 1.47 | 1.49 | 1.51 | 1.97 | 0.99 | |
| Union Pacific Corp. | 2.31 | 2.87 | 2.22 | 1.67 | 1.49 | |
| United Parcel Service Inc. | 1.54 | 1.19 | 1.79 | 42.24 | 8.62 | |
| Debt to Equity (including Operating Lease Liability), Sector | ||||||
| Transportation | 1.60 | 1.67 | 1.56 | 2.11 | 1.51 | |
| Debt to Equity (including Operating Lease Liability), Industry | ||||||
| Industrials | 1.61 | 1.47 | 1.39 | 1.89 | 1.96 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total Uber Technologies, Inc. stockholders’ equity
= 11,702 ÷ 11,249 = 1.04
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Uber Technologies Inc. debt to equity ratio (including operating lease liability) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Debt to Capital
Uber Technologies Inc., debt to capital calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of long-term debt | 25) | 27) | 27) | 27) | 27) | |
| Finance leases liabilities, current | 156) | 115) | 191) | 177) | 165) | |
| Long-term debt, net of current portion | 9,459) | 9,265) | 9,276) | 7,560) | 5,707) | |
| Finance leases liabilities, non-current | 322) | 284) | 43) | 120) | 143) | |
| Total debt | 9,962) | 9,691) | 9,537) | 7,884) | 6,042) | |
| Total Uber Technologies, Inc. stockholders’ equity | 11,249) | 7,340) | 14,458) | 12,266) | 14,190) | |
| Total capital | 21,211) | 17,031) | 23,995) | 20,150) | 20,232) | |
| Solvency Ratio | ||||||
| Debt to capital1 | 0.47 | 0.57 | 0.40 | 0.39 | 0.30 | |
| Benchmarks | ||||||
| Debt to Capital, Competitors2 | ||||||
| FedEx Corp. | 0.44 | 0.45 | 0.46 | 0.55 | 0.50 | |
| Union Pacific Corp. | 0.69 | 0.73 | 0.68 | 0.61 | 0.58 | |
| United Parcel Service Inc. | 0.56 | 0.50 | 0.61 | 0.97 | 0.89 | |
| Debt to Capital, Sector | ||||||
| Transportation | 0.55 | 0.56 | 0.55 | 0.63 | 0.58 | |
| Debt to Capital, Industry | ||||||
| Industrials | 0.59 | 0.57 | 0.56 | 0.63 | 0.65 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 9,962 ÷ 21,211 = 0.47
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Uber Technologies Inc. debt to capital ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Debt to Capital (including Operating Lease Liability)
Uber Technologies Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of long-term debt | 25) | 27) | 27) | 27) | 27) | |
| Finance leases liabilities, current | 156) | 115) | 191) | 177) | 165) | |
| Long-term debt, net of current portion | 9,459) | 9,265) | 9,276) | 7,560) | 5,707) | |
| Finance leases liabilities, non-current | 322) | 284) | 43) | 120) | 143) | |
| Total debt | 9,962) | 9,691) | 9,537) | 7,884) | 6,042) | |
| Operating lease liabilities, current | 190) | 201) | 185) | 175) | 196) | |
| Operating lease liabilities, non-current | 1,550) | 1,673) | 1,644) | 1,544) | 1,523) | |
| Total debt (including operating lease liability) | 11,702) | 11,565) | 11,366) | 9,603) | 7,761) | |
| Total Uber Technologies, Inc. stockholders’ equity | 11,249) | 7,340) | 14,458) | 12,266) | 14,190) | |
| Total capital (including operating lease liability) | 22,951) | 18,905) | 25,824) | 21,869) | 21,951) | |
| Solvency Ratio | ||||||
| Debt to capital (including operating lease liability)1 | 0.51 | 0.61 | 0.44 | 0.44 | 0.35 | |
| Benchmarks | ||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||
| FedEx Corp. | 0.60 | 0.60 | 0.60 | 0.66 | 0.50 | |
| Union Pacific Corp. | 0.70 | 0.74 | 0.69 | 0.63 | 0.60 | |
| United Parcel Service Inc. | 0.61 | 0.54 | 0.64 | 0.98 | 0.90 | |
| Debt to Capital (including Operating Lease Liability), Sector | ||||||
| Transportation | 0.62 | 0.63 | 0.61 | 0.68 | 0.60 | |
| Debt to Capital (including Operating Lease Liability), Industry | ||||||
| Industrials | 0.62 | 0.60 | 0.58 | 0.65 | 0.66 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 11,702 ÷ 22,951 = 0.51
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Uber Technologies Inc. debt to capital ratio (including operating lease liability) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Debt to Assets
Uber Technologies Inc., debt to assets calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of long-term debt | 25) | 27) | 27) | 27) | 27) | |
| Finance leases liabilities, current | 156) | 115) | 191) | 177) | 165) | |
| Long-term debt, net of current portion | 9,459) | 9,265) | 9,276) | 7,560) | 5,707) | |
| Finance leases liabilities, non-current | 322) | 284) | 43) | 120) | 143) | |
| Total debt | 9,962) | 9,691) | 9,537) | 7,884) | 6,042) | |
| Total assets | 38,699) | 32,109) | 38,774) | 33,252) | 31,761) | |
| Solvency Ratio | ||||||
| Debt to assets1 | 0.26 | 0.30 | 0.25 | 0.24 | 0.19 | |
| Benchmarks | ||||||
| Debt to Assets, Competitors2 | ||||||
| FedEx Corp. | 0.24 | 0.24 | 0.25 | 0.30 | 0.32 | |
| Union Pacific Corp. | 0.49 | 0.51 | 0.47 | 0.43 | 0.41 | |
| United Parcel Service Inc. | 0.31 | 0.28 | 0.32 | 0.40 | 0.44 | |
| Debt to Assets, Sector | ||||||
| Transportation | 0.32 | 0.33 | 0.32 | 0.35 | 0.36 | |
| Debt to Assets, Industry | ||||||
| Industrials | 0.30 | 0.29 | 0.29 | 0.32 | 0.32 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= 9,962 ÷ 38,699 = 0.26
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Uber Technologies Inc. debt to assets ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Debt to Assets (including Operating Lease Liability)
Uber Technologies Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of long-term debt | 25) | 27) | 27) | 27) | 27) | |
| Finance leases liabilities, current | 156) | 115) | 191) | 177) | 165) | |
| Long-term debt, net of current portion | 9,459) | 9,265) | 9,276) | 7,560) | 5,707) | |
| Finance leases liabilities, non-current | 322) | 284) | 43) | 120) | 143) | |
| Total debt | 9,962) | 9,691) | 9,537) | 7,884) | 6,042) | |
| Operating lease liabilities, current | 190) | 201) | 185) | 175) | 196) | |
| Operating lease liabilities, non-current | 1,550) | 1,673) | 1,644) | 1,544) | 1,523) | |
| Total debt (including operating lease liability) | 11,702) | 11,565) | 11,366) | 9,603) | 7,761) | |
| Total assets | 38,699) | 32,109) | 38,774) | 33,252) | 31,761) | |
| Solvency Ratio | ||||||
| Debt to assets (including operating lease liability)1 | 0.30 | 0.36 | 0.29 | 0.29 | 0.24 | |
| Benchmarks | ||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||
| FedEx Corp. | 0.44 | 0.43 | 0.44 | 0.49 | 0.32 | |
| Union Pacific Corp. | 0.51 | 0.53 | 0.50 | 0.45 | 0.44 | |
| United Parcel Service Inc. | 0.38 | 0.33 | 0.37 | 0.44 | 0.49 | |
| Debt to Assets (including Operating Lease Liability), Sector | ||||||
| Transportation | 0.42 | 0.42 | 0.41 | 0.44 | 0.39 | |
| Debt to Assets (including Operating Lease Liability), Industry | ||||||
| Industrials | 0.33 | 0.33 | 0.32 | 0.35 | 0.34 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 11,702 ÷ 38,699 = 0.30
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Uber Technologies Inc. debt to assets ratio (including operating lease liability) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Financial Leverage
Uber Technologies Inc., financial leverage calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Total assets | 38,699) | 32,109) | 38,774) | 33,252) | 31,761) | |
| Total Uber Technologies, Inc. stockholders’ equity | 11,249) | 7,340) | 14,458) | 12,266) | 14,190) | |
| Solvency Ratio | ||||||
| Financial leverage1 | 3.44 | 4.37 | 2.68 | 2.71 | 2.24 | |
| Benchmarks | ||||||
| Financial Leverage, Competitors2 | ||||||
| FedEx Corp. | 3.34 | 3.45 | 3.43 | 4.02 | 3.06 | |
| Union Pacific Corp. | 4.54 | 5.38 | 4.49 | 3.68 | 3.40 | |
| United Parcel Service Inc. | 4.09 | 3.59 | 4.87 | 94.99 | 17.71 | |
| Financial Leverage, Sector | ||||||
| Transportation | 3.80 | 3.97 | 3.80 | 4.81 | 3.86 | |
| Financial Leverage, Industry | ||||||
| Industrials | 4.81 | 4.49 | 4.33 | 5.35 | 5.76 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Financial leverage = Total assets ÷ Total Uber Technologies, Inc. stockholders’ equity
= 38,699 ÷ 11,249 = 3.44
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Uber Technologies Inc. financial leverage ratio increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level. |
Interest Coverage
Uber Technologies Inc., interest coverage calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to Uber Technologies, Inc. | 1,887) | (9,141) | (496) | (6,768) | (8,506) | |
| Add: Net income attributable to noncontrolling interest | 269) | 3) | (74) | (20) | (6) | |
| Add: Income tax expense | 213) | (181) | (492) | (192) | 45) | |
| Add: Interest expense | 633) | 565) | 483) | 458) | 559) | |
| Earnings before interest and tax (EBIT) | 3,002) | (8,754) | (579) | (6,522) | (7,908) | |
| Solvency Ratio | ||||||
| Interest coverage1 | 4.74 | -15.49 | -1.20 | -14.24 | -14.15 | |
| Benchmarks | ||||||
| Interest Coverage, Competitors2 | ||||||
| FedEx Corp. | 8.73 | 8.11 | 9.42 | 3.48 | 2.11 | |
| Union Pacific Corp. | 7.14 | 8.14 | 8.33 | 7.12 | 8.38 | |
| United Parcel Service Inc. | 11.92 | 22.06 | 24.91 | 3.63 | 9.66 | |
| Interest Coverage, Sector | ||||||
| Transportation | 8.11 | 7.03 | 10.81 | 2.18 | 2.96 | |
| Interest Coverage, Industry | ||||||
| Industrials | 7.24 | 5.53 | 6.00 | 2.04 | 4.37 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Interest coverage = EBIT ÷ Interest expense
= 3,002 ÷ 633 = 4.74
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Uber Technologies Inc. interest coverage ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Fixed Charge Coverage
Uber Technologies Inc., fixed charge coverage calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to Uber Technologies, Inc. | 1,887) | (9,141) | (496) | (6,768) | (8,506) | |
| Add: Net income attributable to noncontrolling interest | 269) | 3) | (74) | (20) | (6) | |
| Add: Income tax expense | 213) | (181) | (492) | (192) | 45) | |
| Add: Interest expense | 633) | 565) | 483) | 458) | 559) | |
| Earnings before interest and tax (EBIT) | 3,002) | (8,754) | (579) | (6,522) | (7,908) | |
| Add: Operating lease cost | 321) | 304) | 299) | 482) | 321) | |
| Earnings before fixed charges and tax | 3,323) | (8,450) | (280) | (6,040) | (7,587) | |
| Interest expense | 633) | 565) | 483) | 458) | 559) | |
| Operating lease cost | 321) | 304) | 299) | 482) | 321) | |
| Fixed charges | 954) | 869) | 782) | 940) | 880) | |
| Solvency Ratio | ||||||
| Fixed charge coverage1 | 3.48 | -9.72 | -0.36 | -6.43 | -8.62 | |
| Benchmarks | ||||||
| Fixed Charge Coverage, Competitors2 | ||||||
| FedEx Corp. | 2.34 | 2.29 | 2.83 | 1.50 | 1.19 | |
| Union Pacific Corp. | 5.82 | 6.64 | 6.81 | 5.79 | 6.62 | |
| United Parcel Service Inc. | 6.21 | 11.30 | 12.66 | 2.31 | 5.36 | |
| Fixed Charge Coverage, Sector | ||||||
| Transportation | 3.96 | 3.53 | 5.20 | 1.49 | 1.80 | |
| Fixed Charge Coverage, Industry | ||||||
| Industrials | 4.62 | 3.58 | 3.93 | 1.59 | 2.96 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 3,323 ÷ 954 = 3.48
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Uber Technologies Inc. fixed charge coverage ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |