United Rentals (FRA:UR3) Debt-to-Equity : 1.68 (As of Sep. 2024)

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What is United Rentals Debt-to-Equity?

United Rentals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €1,361 Mil. United Rentals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €11,627 Mil. United Rentals's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €7,731 Mil. United Rentals's debt to equity for the quarter that ended in Sep. 2024 was 1.68.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for United Rentals's Debt-to-Equity or its related term are showing as below:

FRA:UR3' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.56 Med: 3.01 Max: 5.79
Current: 1.68

During the past 13 years, the highest Debt-to-Equity Ratio of United Rentals was 5.79. The lowest was 1.56. And the median was 3.01.

FRA:UR3's Debt-to-Equity is ranked worse than
85.12% of 914 companies
in the Business Services industry
Industry Median: 0.38 vs FRA:UR3: 1.68

United Rentals Debt-to-Equity Historical Data

The historical data trend for United Rentals's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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United Rentals Debt-to-Equity Chart

United Rentals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.17

2.29

1.75

1.73

1.56

United Rentals Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															1.67	1.56	1.65	1.68	1.68

Competitive Comparison of United Rentals's Debt-to-Equity

For the Rental & Leasing Services subindustry, United Rentals's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

United Rentals's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, United Rentals's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where United Rentals's Debt-to-Equity falls into.

United Rentals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

United Rentals's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1571.738	+	10039.316)	/	7455.21
	=	1.56

United Rentals's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1360.51	+	11627.405)	/	7731.481
	=	1.68

United Rentals (FRA:UR3) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

United Rentals Debt-to-Equity Related Terms

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United Rentals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » United Rentals Inc (FRA:UR3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

URI:USA URI:Mexico 0LIY:UK UR3:Germany U1RI34:Brazil

Address

100 First Stamford Place, Suite 700, Stamford, CT, USA, 06902

Website

https://www.unitedrentals.com

United Rentals is the world's largest equipment rental company. It principally operates in the United States and Canada, where it commands approximately 15% share in a highly fragmented market. It serves three end markets: general industrial, commercial construction, and residential construction. Like its peers, United Rentals historically has provided its customers with equipment that was intermittently used, such as aerial equipment and portable generators. As the company has grown organically and through hundreds of acquisitions since it went public in 1997, its catalog (fleet size of $22 billion) now includes a range of specialty equipment and other items that can be rented for indefinite periods.

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