Debt to Equity
since 2005
Calculation
United Parcel Service Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Long-term debt, finance leases and commercial paper1 | ÷ | Equity for controlling interests1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 1.29 | = | 22,264) | ÷ | 17,306) |
| Dec 31, 2022 | 0.99 | = | 19,662) | ÷ | 19,786) |
| Dec 31, 2021 | 1.54 | = | 21,915) | ÷ | 14,253) |
| Dec 31, 2020 | 37.53 | = | 24,654) | ÷ | 657) |
| Dec 31, 2019 | 7.73 | = | 25,238) | ÷ | 3,267) |
| Dec 31, 2018 | 7.53 | = | 22,736) | ÷ | 3,021) |
| Dec 31, 2017 | 24.29 | = | 24,289) | ÷ | 1,000) |
| Dec 31, 2016 | 39.69 | = | 16,075) | ÷ | 405) |
| Dec 31, 2015 | 5.80 | = | 14,334) | ÷ | 2,470) |
| Dec 31, 2014 | 5.04 | = | 10,787) | ÷ | 2,141) |
| Dec 31, 2013 | 1.68 | = | 10,872) | ÷ | 6,474) |
| Dec 31, 2012 | 2.77 | = | 12,870) | ÷ | 4,653) |
| Dec 31, 2011 | 1.58 | = | 11,128) | ÷ | 7,035) |
| Dec 31, 2010 | 1.36 | = | 10,846) | ÷ | 7,979) |
| Dec 31, 2009 | 1.25 | = | 9,521) | ÷ | 7,630) |
| Dec 31, 2008 | 1.46 | = | 9,871) | ÷ | 6,780) |
| Dec 31, 2007 | 0.90 | = | 11,018) | ÷ | 12,183) |
| Dec 31, 2006 | 0.27 | = | 4,116) | ÷ | 15,482) |
| Dec 31, 2005 | 0.24 | = | 3,980) | ÷ | 16,884) |
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
United Parcel Service Inc., debt to equity, long-term trends, comparison to competitors
| United Parcel Service Inc. | FedEx Corp. | Uber Technologies Inc. | Union Pacific Corp. | |
|---|---|---|---|---|
| Dec 31, 2023 | 1.29 | 0.79 | 0.84 | 2.20 |
| Dec 31, 2022 | 0.99 | 0.81 | 1.26 | 2.74 |
| Dec 31, 2021 | 1.54 | 0.86 | 0.64 | 2.10 |
| Dec 31, 2020 | 37.53 | 1.20 | 0.62 | 1.58 |
| Dec 31, 2019 | 7.73 | 0.99 | 0.40 | 1.39 |
| Dec 31, 2018 | 7.53 | 0.85 | — | 1.10 |
| Dec 31, 2017 | 24.29 | 0.93 | — | 0.68 |
| Dec 31, 2016 | 39.69 | 1.01 | — | 0.75 |
| Dec 31, 2015 | 5.80 | 0.48 | — | 0.69 |
| Dec 31, 2014 | 5.04 | 0.31 | — | 0.54 |
| Dec 31, 2013 | 1.68 | 0.17 | — | 0.45 |
| Dec 31, 2012 | 2.77 | 0.11 | — | 0.45 |
| Dec 31, 2011 | 1.58 | 0.11 | — | 0.48 |
| Dec 31, 2010 | 1.36 | 0.14 | — | 0.52 |
| Dec 31, 2009 | 1.25 | 0.19 | — | 0.58 |
| Dec 31, 2008 | 1.46 | 0.14 | — | 0.58 |
| Dec 31, 2007 | 0.90 | 0.21 | — | 0.49 |
| Dec 31, 2006 | 0.27 | 0.21 | — | 0.44 |
| Dec 31, 2005 | 0.24 | 0.29 | — | 0.54 |
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)
United Parcel Service Inc., debt to equity, long-term trends, comparison to sector (transportation)
| United Parcel Service Inc. | Transportation | |
|---|---|---|
| Dec 31, 2023 | 1.29 | 1.22 |
| Dec 31, 2022 | 0.99 | 1.28 |
| Dec 31, 2021 | 1.54 | 1.22 |
| Dec 31, 2020 | 37.53 | 1.68 |
| Dec 31, 2019 | 7.73 | 1.38 |
| Dec 31, 2018 | 7.53 | 1.44 |
| Dec 31, 2017 | 24.29 | 1.34 |
| Dec 31, 2016 | 39.69 | 1.32 |
| Dec 31, 2015 | 5.80 | 0.94 |
| Dec 31, 2014 | 5.04 | 0.70 |
| Dec 31, 2013 | 1.68 | 0.52 |
| Dec 31, 2012 | 2.77 | 0.60 |
| Dec 31, 2011 | 1.58 | 0.53 |
| Dec 31, 2010 | 1.36 | 0.56 |
| Dec 31, 2009 | 1.25 | 0.57 |
| Dec 31, 2008 | 1.46 | 0.57 |
| Dec 31, 2007 | 0.90 | 0.53 |
| Dec 31, 2006 | 0.27 | 0.32 |
| Dec 31, 2005 | 0.24 | 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)
United Parcel Service Inc., debt to equity, long-term trends, comparison to industry (industrials)
| United Parcel Service Inc. | Industrials | |
|---|---|---|
| Dec 31, 2023 | 1.29 | 1.43 |
| Dec 31, 2022 | 0.99 | 1.32 |
| Dec 31, 2021 | 1.54 | 1.25 |
| Dec 31, 2020 | 37.53 | 1.73 |
| Dec 31, 2019 | 7.73 | 1.86 |
| Dec 31, 2018 | 7.53 | 1.87 |
| Dec 31, 2017 | 24.29 | 1.65 |
| Dec 31, 2016 | 39.69 | 1.55 |
| Dec 31, 2015 | 5.80 | 1.52 |
| Dec 31, 2014 | 5.04 | 1.86 |
| Dec 31, 2013 | 1.68 | 1.77 |
| Dec 31, 2012 | 2.77 | 2.24 |
| Dec 31, 2011 | 1.58 | 2.56 |
| Dec 31, 2010 | 1.36 | 2.63 |
| Dec 31, 2009 | 1.25 | 2.92 |
| Dec 31, 2008 | 1.46 | 3.45 |
| Dec 31, 2007 | 0.90 | 2.72 |
| Dec 31, 2006 | 0.27 | 2.46 |
| Dec 31, 2005 | 0.24 | 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).