Debt to Equity
since 2005
Calculation
Union Pacific Corp., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt1 | ÷ | Common shareholders’ equity1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 2.20 | = | 32,579) | ÷ | 14,788) |
| Dec 31, 2022 | 2.74 | = | 33,326) | ÷ | 12,163) |
| Dec 31, 2021 | 2.10 | = | 29,729) | ÷ | 14,161) |
| Dec 31, 2020 | 1.58 | = | 26,729) | ÷ | 16,958) |
| Dec 31, 2019 | 1.39 | = | 25,200) | ÷ | 18,128) |
| Dec 31, 2018 | 1.10 | = | 22,391) | ÷ | 20,423) |
| Dec 31, 2017 | 0.68 | = | 16,944) | ÷ | 24,856) |
| Dec 31, 2016 | 0.75 | = | 15,007) | ÷ | 19,932) |
| Dec 31, 2015 | 0.69 | = | 14,201) | ÷ | 20,702) |
| Dec 31, 2014 | 0.54 | = | 11,480) | ÷ | 21,189) |
| Dec 31, 2013 | 0.45 | = | 9,577) | ÷ | 21,225) |
| Dec 31, 2012 | 0.45 | = | 8,997) | ÷ | 19,877) |
| Dec 31, 2011 | 0.48 | = | 8,906) | ÷ | 18,578) |
| Dec 31, 2010 | 0.52 | = | 9,242) | ÷ | 17,763) |
| Dec 31, 2009 | 0.58 | = | 9,848) | ÷ | 16,941) |
| Dec 31, 2008 | 0.58 | = | 8,927) | ÷ | 15,447) |
| Dec 31, 2007 | 0.49 | = | 7,682) | ÷ | 15,585) |
| Dec 31, 2006 | 0.44 | = | 6,780) | ÷ | 15,312) |
| Dec 31, 2005 | 0.54 | = | 7,416) | ÷ | 13,707) |
Based on: 10-K (reporting date: 2023-12-31), 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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
Comparison to Competitors
Union Pacific Corp., debt to equity, long-term trends, comparison to competitors
| Union Pacific Corp. | FedEx Corp. | Uber Technologies Inc. | United Parcel Service Inc. | |
|---|---|---|---|---|
| Dec 31, 2023 | 2.20 | 0.79 | 0.84 | 1.29 |
| Dec 31, 2022 | 2.74 | 0.81 | 1.26 | 0.99 |
| Dec 31, 2021 | 2.10 | 0.86 | 0.64 | 1.54 |
| Dec 31, 2020 | 1.58 | 1.20 | 0.62 | 37.53 |
| Dec 31, 2019 | 1.39 | 0.99 | 0.40 | 7.73 |
| Dec 31, 2018 | 1.10 | 0.85 | — | 7.53 |
| Dec 31, 2017 | 0.68 | 0.93 | — | 24.29 |
| Dec 31, 2016 | 0.75 | 1.01 | — | 39.69 |
| Dec 31, 2015 | 0.69 | 0.48 | — | 5.80 |
| Dec 31, 2014 | 0.54 | 0.31 | — | 5.04 |
| Dec 31, 2013 | 0.45 | 0.17 | — | 1.68 |
| Dec 31, 2012 | 0.45 | 0.11 | — | 2.77 |
| Dec 31, 2011 | 0.48 | 0.11 | — | 1.58 |
| Dec 31, 2010 | 0.52 | 0.14 | — | 1.36 |
| Dec 31, 2009 | 0.58 | 0.19 | — | 1.25 |
| Dec 31, 2008 | 0.58 | 0.14 | — | 1.46 |
| Dec 31, 2007 | 0.49 | 0.21 | — | 0.90 |
| Dec 31, 2006 | 0.44 | 0.21 | — | 0.27 |
| Dec 31, 2005 | 0.54 | 0.29 | — | 0.24 |
Based on: 10-K (reporting date: 2023-12-31), 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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Transportation)
Union Pacific Corp., debt to equity, long-term trends, comparison to sector (transportation)
| Union Pacific Corp. | Transportation | |
|---|---|---|
| Dec 31, 2023 | 2.20 | 1.22 |
| Dec 31, 2022 | 2.74 | 1.28 |
| Dec 31, 2021 | 2.10 | 1.22 |
| Dec 31, 2020 | 1.58 | 1.68 |
| Dec 31, 2019 | 1.39 | 1.38 |
| Dec 31, 2018 | 1.10 | 1.44 |
| Dec 31, 2017 | 0.68 | 1.34 |
| Dec 31, 2016 | 0.75 | 1.32 |
| Dec 31, 2015 | 0.69 | 0.94 |
| Dec 31, 2014 | 0.54 | 0.70 |
| Dec 31, 2013 | 0.45 | 0.52 |
| Dec 31, 2012 | 0.45 | 0.60 |
| Dec 31, 2011 | 0.48 | 0.53 |
| Dec 31, 2010 | 0.52 | 0.56 |
| Dec 31, 2009 | 0.58 | 0.57 |
| Dec 31, 2008 | 0.58 | 0.57 |
| Dec 31, 2007 | 0.49 | 0.53 |
| Dec 31, 2006 | 0.44 | 0.32 |
| Dec 31, 2005 | 0.54 | 0.35 |
Based on: 10-K (reporting date: 2023-12-31), 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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Industrials)
Union Pacific Corp., debt to equity, long-term trends, comparison to industry (industrials)
| Union Pacific Corp. | Industrials | |
|---|---|---|
| Dec 31, 2023 | 2.20 | 1.43 |
| Dec 31, 2022 | 2.74 | 1.32 |
| Dec 31, 2021 | 2.10 | 1.25 |
| Dec 31, 2020 | 1.58 | 1.73 |
| Dec 31, 2019 | 1.39 | 1.86 |
| Dec 31, 2018 | 1.10 | 1.87 |
| Dec 31, 2017 | 0.68 | 1.65 |
| Dec 31, 2016 | 0.75 | 1.55 |
| Dec 31, 2015 | 0.69 | 1.52 |
| Dec 31, 2014 | 0.54 | 1.86 |
| Dec 31, 2013 | 0.45 | 1.77 |
| Dec 31, 2012 | 0.45 | 2.24 |
| Dec 31, 2011 | 0.48 | 2.56 |
| Dec 31, 2010 | 0.52 | 2.63 |
| Dec 31, 2009 | 0.58 | 2.92 |
| Dec 31, 2008 | 0.58 | 3.45 |
| Dec 31, 2007 | 0.49 | 2.72 |
| Dec 31, 2006 | 0.44 | 2.46 |
| Dec 31, 2005 | 0.54 | 2.11 |
Based on: 10-K (reporting date: 2023-12-31), 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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).