Stock Analysis on Net

United Rentals Inc. (NYSE:URI)

This company has been moved to the archive! The financial data has not been updated since January 25, 2023.

Analysis of Debt

Microsoft Excel

Total Debt (Carrying Amount)

United Rentals Inc., balance sheet: debt

US$ in millions

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Short-term debt and current maturities of long-term debt 161 906 704 997 903
Long-term debt, excluding current maturities 11,209 8,779 8,978 10,431 10,844
Total debt (carrying amount) 11,370 9,685 9,682 11,428 11,747

Based on: 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), 10-K (reporting date: 2018-12-31).

Debt item Description The company
Total debt (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. United Rentals Inc. total debt increased from 2020 to 2021 and from 2021 to 2022.

Total Debt (Fair Value)

Microsoft Excel
Dec 31, 2022
Selected Financial Data (US$ in millions)
Repurchase facility expiring 2023 100
Accounts receivable securitization facility expiring 2024 959
Term loan facility expiring 2025 953
$4.25 billion ABL facility expiring 2027 1,523
Senior notes 7,143
Finance leases 123
Total debt (fair value) 10,801
Financial Ratio
Debt, fair value to carrying amount ratio 0.95

Based on: 10-K (reporting date: 2022-12-31).


Weighted-average Interest Rate on Debt

Weighted-average interest rate on debt: 4.98%

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
5.40% 100 5
5.30% 959 51
6.10% 953 58
5.40% 1,523 82
5.50% 498 27
3.88% 744 29
4.88% 1,663 81
6.00% 1,486 89
5.25% 744 39
4.00% 743 30
3.88% 1,090 42
3.75% 744 28
3.50% 123 4
Total 11,370 566
4.98%

Based on: 10-K (reporting date: 2022-12-31).

1 US$ in millions

2 Weighted-average interest rate = 100 × 566 ÷ 11,370 = 4.98%