United Rentals Balance Sheet Health
Financial Health criteria checks 3/6
United Rentals has a total shareholder equity of $8.6B and total debt of $13.1B, which brings its debt-to-equity ratio to 153.1%. Its total assets and total liabilities are $28.4B and $19.8B respectively. United Rentals's EBIT is $4.1B making its interest coverage ratio 6.1. It has cash and short-term investments of $479.0M.
Key information
153.1%
Debt to equity ratio
US$13.14b
Debt
| Interest coverage ratio | 6.1x |
| Cash | US$479.00m |
| Equity | US$8.58b |
| Total liabilities | US$19.83b |
| Total assets | US$28.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UR3's short term assets ($3.3B) do not cover its short term liabilities ($4.0B).
Long Term Liabilities: UR3's short term assets ($3.3B) do not cover its long term liabilities ($15.8B).
Debt to Equity History and Analysis
Debt Level: UR3's net debt to equity ratio (147.6%) is considered high.
Reducing Debt: UR3's debt to equity ratio has reduced from 316.3% to 153.1% over the past 5 years.
Debt Coverage: UR3's debt is well covered by operating cash flow (37.4%).
Interest Coverage: UR3's interest payments on its debt are well covered by EBIT (6.1x coverage).