United Rentals Balance Sheet Health
Financial Health criteria checks 4/6
United Rentals has a total shareholder equity of $6.4B and total debt of $9.8B, which brings its debt-to-equity ratio to 154%. Its total assets and total liabilities are $21.4B and $15.1B respectively. United Rentals's EBIT is $3.0B making its interest coverage ratio 7.7. It has cash and short-term investments of $76.0M.
Key information
154.0%
Debt to equity ratio
US$9.79b
Debt
Interest coverage ratio | 7.7x |
Cash | US$76.00m |
Equity | US$6.35b |
Total liabilities | US$15.07b |
Total assets | US$21.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UR3's short term assets ($2.3B) exceed its short term liabilities ($2.3B).
Long Term Liabilities: UR3's short term assets ($2.3B) do not cover its long term liabilities ($12.8B).
Debt to Equity History and Analysis
Debt Level: UR3's net debt to equity ratio (152.8%) is considered high.
Reducing Debt: UR3's debt to equity ratio has reduced from 377.5% to 154% over the past 5 years.
Debt Coverage: UR3's debt is well covered by operating cash flow (39.3%).
Interest Coverage: UR3's interest payments on its debt are well covered by EBIT (7.7x coverage).