Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
United Parcel Service Inc., solvency ratios
Based on: 10-K (reporting date: 2024-12-31), 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).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | United Parcel Service Inc. debt to equity ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | United Parcel Service Inc. debt to equity ratio (including operating lease liability) deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | United Parcel Service Inc. debt to capital ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | United Parcel Service Inc. debt to capital ratio (including operating lease liability) deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | United Parcel Service Inc. debt to assets ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | United Parcel Service Inc. debt to assets ratio (including operating lease liability) deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | United Parcel Service Inc. financial leverage ratio increased from 2022 to 2023 and from 2023 to 2024. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | United Parcel Service Inc. interest coverage ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | United Parcel Service Inc. fixed charge coverage ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Debt to Equity
United Parcel Service Inc., debt to equity calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current maturities of long-term debt, commercial paper and finance leases | 1,838) | 3,348) | 2,341) | 2,131) | 2,623) | |
| Long-term debt and finance leases, excluding current maturities | 19,446) | 18,916) | 17,321) | 19,784) | 22,031) | |
| Total debt | 21,284) | 22,264) | 19,662) | 21,915) | 24,654) | |
| Equity for controlling interests | 16,718) | 17,306) | 19,786) | 14,253) | 657) | |
| Solvency Ratio | ||||||
| Debt to equity1 | 1.27 | 1.29 | 0.99 | 1.54 | 37.53 | |
| Benchmarks | ||||||
| Debt to Equity, Competitors2 | ||||||
| FedEx Corp. | 0.73 | 0.79 | 0.81 | 0.86 | 1.20 | |
| Uber Technologies Inc. | 0.45 | 0.89 | 1.32 | 0.66 | 0.64 | |
| Union Pacific Corp. | 1.85 | 2.20 | 2.74 | 2.10 | 1.58 | |
| United Airlines Holdings Inc. | 2.26 | 3.40 | 4.68 | 7.03 | 4.75 | |
| Debt to Equity, Sector | ||||||
| Transportation | 1.16 | 1.49 | 1.62 | 1.63 | 2.02 | |
| Debt to Equity, Industry | ||||||
| Industrials | 1.39 | 1.52 | 1.42 | 1.37 | 1.82 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Debt to equity = Total debt ÷ Equity for controlling interests
= 21,284 ÷ 16,718 = 1.27
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | United Parcel Service Inc. debt to equity ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Debt to Equity (including Operating Lease Liability)
United Parcel Service Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current maturities of long-term debt, commercial paper and finance leases | 1,838) | 3,348) | 2,341) | 2,131) | 2,623) | |
| Long-term debt and finance leases, excluding current maturities | 19,446) | 18,916) | 17,321) | 19,784) | 22,031) | |
| Total debt | 21,284) | 22,264) | 19,662) | 21,915) | 24,654) | |
| Current maturities of operating leases | 733) | 709) | 621) | 580) | 560) | |
| Non-current operating leases | 3,635) | 3,756) | 3,238) | 3,033) | 2,540) | |
| Total debt (including operating lease liability) | 25,652) | 26,729) | 23,521) | 25,528) | 27,754) | |
| Equity for controlling interests | 16,718) | 17,306) | 19,786) | 14,253) | 657) | |
| Solvency Ratio | ||||||
| Debt to equity (including operating lease liability)1 | 1.53 | 1.54 | 1.19 | 1.79 | 42.24 | |
| Benchmarks | ||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||
| FedEx Corp. | 1.37 | 1.47 | 1.49 | 1.51 | 1.97 | |
| Uber Technologies Inc. | 0.53 | 1.04 | 1.58 | 0.79 | 0.78 | |
| Union Pacific Corp. | 1.92 | 2.31 | 2.87 | 2.22 | 1.67 | |
| United Airlines Holdings Inc. | 2.65 | 3.94 | 5.41 | 8.17 | 5.69 | |
| Debt to Equity (including Operating Lease Liability), Sector | ||||||
| Transportation | 1.48 | 1.88 | 2.03 | 2.02 | 2.51 | |
| Debt to Equity (including Operating Lease Liability), Industry | ||||||
| Industrials | 1.55 | 1.71 | 1.59 | 1.54 | 2.00 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Equity for controlling interests
= 25,652 ÷ 16,718 = 1.53
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | United Parcel Service Inc. debt to equity ratio (including operating lease liability) deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Debt to Capital
United Parcel Service Inc., debt to capital calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current maturities of long-term debt, commercial paper and finance leases | 1,838) | 3,348) | 2,341) | 2,131) | 2,623) | |
| Long-term debt and finance leases, excluding current maturities | 19,446) | 18,916) | 17,321) | 19,784) | 22,031) | |
| Total debt | 21,284) | 22,264) | 19,662) | 21,915) | 24,654) | |
| Equity for controlling interests | 16,718) | 17,306) | 19,786) | 14,253) | 657) | |
| Total capital | 38,002) | 39,570) | 39,448) | 36,168) | 25,311) | |
| Solvency Ratio | ||||||
| Debt to capital1 | 0.56 | 0.56 | 0.50 | 0.61 | 0.97 | |
| Benchmarks | ||||||
| Debt to Capital, Competitors2 | ||||||
| FedEx Corp. | 0.42 | 0.44 | 0.45 | 0.46 | 0.55 | |
| Uber Technologies Inc. | 0.31 | 0.47 | 0.57 | 0.40 | 0.39 | |
| Union Pacific Corp. | 0.65 | 0.69 | 0.73 | 0.68 | 0.61 | |
| United Airlines Holdings Inc. | 0.69 | 0.77 | 0.82 | 0.88 | 0.83 | |
| Debt to Capital, Sector | ||||||
| Transportation | 0.54 | 0.60 | 0.62 | 0.62 | 0.67 | |
| Debt to Capital, Industry | ||||||
| Industrials | 0.58 | 0.60 | 0.59 | 0.58 | 0.65 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 21,284 ÷ 38,002 = 0.56
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | United Parcel Service Inc. debt to capital ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Debt to Capital (including Operating Lease Liability)
United Parcel Service Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current maturities of long-term debt, commercial paper and finance leases | 1,838) | 3,348) | 2,341) | 2,131) | 2,623) | |
| Long-term debt and finance leases, excluding current maturities | 19,446) | 18,916) | 17,321) | 19,784) | 22,031) | |
| Total debt | 21,284) | 22,264) | 19,662) | 21,915) | 24,654) | |
| Current maturities of operating leases | 733) | 709) | 621) | 580) | 560) | |
| Non-current operating leases | 3,635) | 3,756) | 3,238) | 3,033) | 2,540) | |
| Total debt (including operating lease liability) | 25,652) | 26,729) | 23,521) | 25,528) | 27,754) | |
| Equity for controlling interests | 16,718) | 17,306) | 19,786) | 14,253) | 657) | |
| Total capital (including operating lease liability) | 42,370) | 44,035) | 43,307) | 39,781) | 28,411) | |
| Solvency Ratio | ||||||
| Debt to capital (including operating lease liability)1 | 0.61 | 0.61 | 0.54 | 0.64 | 0.98 | |
| Benchmarks | ||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||
| FedEx Corp. | 0.58 | 0.60 | 0.60 | 0.60 | 0.66 | |
| Uber Technologies Inc. | 0.35 | 0.51 | 0.61 | 0.44 | 0.44 | |
| Union Pacific Corp. | 0.66 | 0.70 | 0.74 | 0.69 | 0.63 | |
| United Airlines Holdings Inc. | 0.73 | 0.80 | 0.84 | 0.89 | 0.85 | |
| Debt to Capital (including Operating Lease Liability), Sector | ||||||
| Transportation | 0.60 | 0.65 | 0.67 | 0.67 | 0.71 | |
| Debt to Capital (including Operating Lease Liability), Industry | ||||||
| Industrials | 0.61 | 0.63 | 0.61 | 0.61 | 0.67 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 25,652 ÷ 42,370 = 0.61
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | United Parcel Service Inc. debt to capital ratio (including operating lease liability) deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Debt to Assets
United Parcel Service Inc., debt to assets calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current maturities of long-term debt, commercial paper and finance leases | 1,838) | 3,348) | 2,341) | 2,131) | 2,623) | |
| Long-term debt and finance leases, excluding current maturities | 19,446) | 18,916) | 17,321) | 19,784) | 22,031) | |
| Total debt | 21,284) | 22,264) | 19,662) | 21,915) | 24,654) | |
| Total assets | 70,070) | 70,857) | 71,124) | 69,405) | 62,408) | |
| Solvency Ratio | ||||||
| Debt to assets1 | 0.30 | 0.31 | 0.28 | 0.32 | 0.40 | |
| Benchmarks | ||||||
| Debt to Assets, Competitors2 | ||||||
| FedEx Corp. | 0.23 | 0.24 | 0.24 | 0.25 | 0.30 | |
| Uber Technologies Inc. | 0.19 | 0.26 | 0.30 | 0.25 | 0.24 | |
| Union Pacific Corp. | 0.46 | 0.49 | 0.51 | 0.47 | 0.43 | |
| United Airlines Holdings Inc. | 0.39 | 0.45 | 0.48 | 0.52 | 0.48 | |
| Debt to Assets, Sector | ||||||
| Transportation | 0.32 | 0.35 | 0.36 | 0.36 | 0.38 | |
| Debt to Assets, Industry | ||||||
| Industrials | 0.31 | 0.31 | 0.31 | 0.30 | 0.33 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Debt to assets = Total debt ÷ Total assets
= 21,284 ÷ 70,070 = 0.30
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | United Parcel Service Inc. debt to assets ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Debt to Assets (including Operating Lease Liability)
United Parcel Service Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current maturities of long-term debt, commercial paper and finance leases | 1,838) | 3,348) | 2,341) | 2,131) | 2,623) | |
| Long-term debt and finance leases, excluding current maturities | 19,446) | 18,916) | 17,321) | 19,784) | 22,031) | |
| Total debt | 21,284) | 22,264) | 19,662) | 21,915) | 24,654) | |
| Current maturities of operating leases | 733) | 709) | 621) | 580) | 560) | |
| Non-current operating leases | 3,635) | 3,756) | 3,238) | 3,033) | 2,540) | |
| Total debt (including operating lease liability) | 25,652) | 26,729) | 23,521) | 25,528) | 27,754) | |
| Total assets | 70,070) | 70,857) | 71,124) | 69,405) | 62,408) | |
| Solvency Ratio | ||||||
| Debt to assets (including operating lease liability)1 | 0.37 | 0.38 | 0.33 | 0.37 | 0.44 | |
| Benchmarks | ||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||
| FedEx Corp. | 0.43 | 0.44 | 0.43 | 0.44 | 0.49 | |
| Uber Technologies Inc. | 0.22 | 0.30 | 0.36 | 0.29 | 0.29 | |
| Union Pacific Corp. | 0.48 | 0.51 | 0.53 | 0.50 | 0.45 | |
| United Airlines Holdings Inc. | 0.45 | 0.52 | 0.55 | 0.60 | 0.57 | |
| Debt to Assets (including Operating Lease Liability), Sector | ||||||
| Transportation | 0.40 | 0.44 | 0.45 | 0.45 | 0.47 | |
| Debt to Assets (including Operating Lease Liability), Industry | ||||||
| Industrials | 0.35 | 0.35 | 0.34 | 0.34 | 0.36 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 25,652 ÷ 70,070 = 0.37
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | United Parcel Service Inc. debt to assets ratio (including operating lease liability) deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Financial Leverage
United Parcel Service Inc., financial leverage calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Total assets | 70,070) | 70,857) | 71,124) | 69,405) | 62,408) | |
| Equity for controlling interests | 16,718) | 17,306) | 19,786) | 14,253) | 657) | |
| Solvency Ratio | ||||||
| Financial leverage1 | 4.19 | 4.09 | 3.59 | 4.87 | 94.99 | |
| Benchmarks | ||||||
| Financial Leverage, Competitors2 | ||||||
| FedEx Corp. | 3.15 | 3.34 | 3.45 | 3.43 | 4.02 | |
| Uber Technologies Inc. | 2.38 | 3.44 | 4.37 | 2.68 | 2.71 | |
| Union Pacific Corp. | 4.01 | 4.54 | 5.38 | 4.49 | 3.68 | |
| United Airlines Holdings Inc. | 5.84 | 7.63 | 9.77 | 13.56 | 9.99 | |
| Financial Leverage, Sector | ||||||
| Transportation | 3.67 | 4.25 | 4.53 | 4.48 | 5.38 | |
| Financial Leverage, Industry | ||||||
| Industrials | 4.49 | 4.94 | 4.65 | 4.52 | 5.49 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Financial leverage = Total assets ÷ Equity for controlling interests
= 70,070 ÷ 16,718 = 4.19
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | United Parcel Service Inc. financial leverage ratio increased from 2022 to 2023 and from 2023 to 2024. |
Interest Coverage
United Parcel Service Inc., interest coverage calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income | 5,782) | 6,708) | 11,548) | 12,890) | 1,343) | |
| Add: Income tax expense | 1,660) | 1,865) | 3,277) | 3,705) | 501) | |
| Add: Interest expense | 866) | 785) | 704) | 694) | 701) | |
| Earnings before interest and tax (EBIT) | 8,308) | 9,358) | 15,529) | 17,289) | 2,545) | |
| Solvency Ratio | ||||||
| Interest coverage1 | 9.59 | 11.92 | 22.06 | 24.91 | 3.63 | |
| Benchmarks | ||||||
| Interest Coverage, Competitors2 | ||||||
| FedEx Corp. | 8.83 | 8.73 | 8.11 | 9.42 | 3.48 | |
| Uber Technologies Inc. | 8.81 | 4.74 | -15.49 | -1.20 | -14.24 | |
| Union Pacific Corp. | 7.93 | 7.14 | 8.14 | 8.33 | 7.12 | |
| United Airlines Holdings Inc. | 3.97 | 2.91 | 1.59 | -0.62 | -7.89 | |
| Interest Coverage, Sector | ||||||
| Transportation | 7.31 | 6.34 | 5.17 | 6.98 | -0.34 | |
| Interest Coverage, Industry | ||||||
| Industrials | 5.79 | 6.64 | 4.98 | 5.14 | 1.25 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Interest coverage = EBIT ÷ Interest expense
= 8,308 ÷ 866 = 9.59
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | United Parcel Service Inc. interest coverage ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Fixed Charge Coverage
United Parcel Service Inc., fixed charge coverage calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income | 5,782) | 6,708) | 11,548) | 12,890) | 1,343) | |
| Add: Income tax expense | 1,660) | 1,865) | 3,277) | 3,705) | 501) | |
| Add: Interest expense | 866) | 785) | 704) | 694) | 701) | |
| Earnings before interest and tax (EBIT) | 8,308) | 9,358) | 15,529) | 17,289) | 2,545) | |
| Add: Operating lease costs | 912) | 860) | 736) | 729) | 711) | |
| Earnings before fixed charges and tax | 9,220) | 10,218) | 16,265) | 18,018) | 3,256) | |
| Interest expense | 866) | 785) | 704) | 694) | 701) | |
| Operating lease costs | 912) | 860) | 736) | 729) | 711) | |
| Fixed charges | 1,778) | 1,645) | 1,440) | 1,423) | 1,412) | |
| Solvency Ratio | ||||||
| Fixed charge coverage1 | 5.19 | 6.21 | 11.30 | 12.66 | 2.31 | |
| Benchmarks | ||||||
| Fixed Charge Coverage, Competitors2 | ||||||
| FedEx Corp. | 2.43 | 2.34 | 2.29 | 2.83 | 1.50 | |
| Uber Technologies Inc. | 6.00 | 3.48 | -9.72 | -0.36 | -6.43 | |
| Union Pacific Corp. | 6.47 | 5.82 | 6.64 | 6.81 | 5.79 | |
| United Airlines Holdings Inc. | 2.85 | 2.25 | 1.38 | -0.01 | -3.58 | |
| Fixed Charge Coverage, Sector | ||||||
| Transportation | 3.88 | 3.54 | 2.98 | 3.86 | 0.41 | |
| Fixed Charge Coverage, Industry | ||||||
| Industrials | 3.96 | 4.32 | 3.30 | 3.44 | 1.12 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 9,220 ÷ 1,778 = 5.19
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | United Parcel Service Inc. fixed charge coverage ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |