Upbound Group (FRA:RAC) Debt-to-Equity : 2.73 (As of Mar. 2024)

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What is Upbound Group Debt-to-Equity?

Upbound Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0 Mil. Upbound Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1,451 Mil. Upbound Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €532 Mil. Upbound Group's debt to equity for the quarter that ended in Mar. 2024 was 2.73.

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 Upbound Group's Debt-to-Equity or its related term are showing as below:

FRA:RAC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.64 Med: 2.11 Max: 3.64
Current: 2.73

During the past 13 years, the highest Debt-to-Equity Ratio of Upbound Group was 3.64. The lowest was 0.64. And the median was 2.11.

FRA:RAC's Debt-to-Equity is ranked worse than
95.63% of 2218 companies
in the Software industry
Industry Median: 0.21 vs FRA:RAC: 2.73

Upbound Group Debt-to-Equity Historical Data

The historical data trend for Upbound Group'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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Upbound Group Debt-to-Equity Chart

Upbound Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.12

0.80

3.64

3.19

2.86

Upbound Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															2.44	2.46	2.58	2.86	2.73

Competitive Comparison of Upbound Group's Debt-to-Equity

For the Software - Application subindustry, Upbound Group'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.

Upbound Group's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Upbound Group's Debt-to-Equity distribution charts can be found below:

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

Upbound Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Upbound Group'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
	=	(0	+	1467.257)	/	513.861
	=	2.86

Upbound Group's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(0	+	1450.969)	/	532.031
	=	2.73

Upbound Group (FRA:RAC) 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.

Upbound Group Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Upbound Group's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Upbound Group (FRA:RAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Upbound Group Inc (FRA:RAC) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

UPBD:USA

Address

5501 Headquarters Drive, Plano, TX, USA, 75024

Website

https://www.upbound.com

Upbound Group Inc is an omnichannel platform company committed to elevating financial opportunity for all through inclusive, and technology-driven financial solutions that address the evolving needs and aspirations of consumers. It has four operating segments; The Rent-A-Center Business segment operates lease-to-own stores, the Acima segment, offers the lease-to-own transaction to consumers who do not qualify for financing from the traditional retailer, and also offers the lease-to-own transaction through virtual offering solutions across e-commerce, digital, and mobile channels, Mexico segment offers lease-to-own stores in Mexico. The franchising segment offers the sale of rental merchandise to its franchisees. The company derives a majority of its revenue from the Acima segment.

Upbound Group (FRA:RAC) Headlines

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