United Rentals annual debt-to-equity ratio
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2025
United Rentals Debt-to-Equity Ratio Growth & History (URI)
United Rentals's debt-to-equity ratio was 1.75 for fiscal 2025.
View full United Rentals company overviewUnited Rentals annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.75 | 0.03 | +1.87% |
| 2024 | 2024-12-31 | 1.72 | 0.16 | +10.13% |
| 2023 | 2023-12-31 | 1.56 | −0.17 | −10.02% |
| 2022 | 2022-12-31 | 1.73 | −0.02 | −1.32% |
| 2021 | 2021-12-31 | 1.75 | −0.54 | −23.41% |
| 2020 | 2020-12-31 | 2.29 | −0.88 | −27.74% |
| 2019 | 2019-12-31 | 3.17 | −0.28 | −8.18% |
| 2018 | 2018-12-31 | 3.45 | 0.41 | +13.58% |
| 2017 | 2017-12-31 | 3.04 | −1.69 | −35.70% |
| 2016 | 2016-12-31 | 4.73 | −0.80 | −14.52% |
| 2015 | 2015-12-31 | 5.53 | 1.10 | +24.74% |
| 2014 | 2014-12-31 | 4.43 | 0.51 | +12.98% |
| 2013 | 2013-12-31 | 3.92 | −0.81 | −17.16% |
| 2012 | 2012-12-31 | 4.74 | −41.93 | −89.85% |
| 2011 | 2011-12-31 | 46.67 | — | — |
United Rentals quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.67 | 0.07 | +4.25% |
| Q1 2026 | 2026-03-31 | 1.67 | 0.08 | +5.19% |
| Q4 2025 | 2025-12-31 | 1.75 | 0.03 | +1.87% |
| Q3 2025 | 2025-09-30 | 1.69 | 0.01 | +0.62% |
| Q2 2025 | 2025-06-30 | 1.60 | −0.08 | −4.53% |
| Q1 2025 | 2025-03-31 | 1.59 | −0.05 | −3.31% |
| Q4 2024 | 2024-12-31 | 1.72 | 0.16 | +10.13% |
| Q3 2024 | 2024-09-30 | 1.68 | 0.01 | +0.86% |
| Q2 2024 | 2024-06-30 | 1.68 | −0.06 | −3.19% |
| Q1 2024 | 2024-03-31 | 1.65 | −0.11 | −6.11% |
| Q4 2023 | 2023-12-31 | 1.56 | −0.17 | −10.02% |
| Q3 2023 | 2023-09-30 | 1.67 | 0.01 | +0.39% |
| Q2 2023 | 2023-06-30 | 1.73 | 0.00 | +0.11% |
| Q1 2023 | 2023-03-31 | 1.75 | 0.09 | +5.51% |
| Q4 2022 | 2022-12-31 | 1.73 | −0.02 | −1.32% |
| Q3 2022 | 2022-09-30 | 1.66 | −0.33 | −16.68% |
| Q2 2022 | 2022-06-30 | 1.73 | −0.43 | −19.80% |
| Q1 2022 | 2022-03-31 | 1.66 | −0.40 | −19.53% |
| Q4 2021 | 2021-12-31 | 1.75 | −0.54 | −23.41% |
| Q3 2021 | 2021-09-30 | 1.99 | −0.59 | −22.95% |
| Q2 2021 | 2021-06-30 | 2.16 | −0.69 | −24.19% |
| Q1 2021 | 2021-03-31 | 2.07 | −1.32 | −38.98% |
| Q4 2020 | 2020-12-31 | 2.29 | −0.88 | −27.74% |
| Q3 2020 | 2020-09-30 | 2.58 | −0.80 | −23.69% |
| Q2 2020 | 2020-06-30 | 2.84 | −0.71 | −19.99% |
| Q1 2020 | 2020-03-31 | 3.38 | −0.25 | −6.91% |
| Q4 2019 | 2019-12-31 | 3.17 | −0.28 | −8.18% |
| Q3 2019 | 2019-09-30 | 3.39 | 0.36 | +12.03% |
| Q2 2019 | 2019-06-30 | 3.55 | 0.71 | +25.15% |
| Q1 2019 | 2019-03-31 | 3.64 | 0.65 | +21.68% |
| Q4 2018 | 2018-12-31 | 3.45 | 0.41 | +13.58% |
| Q3 2018 | 2018-09-30 | 3.02 | −0.76 | −20.16% |
| Q2 2018 | 2018-06-30 | 2.84 | −1.38 | −32.65% |
| Q1 2018 | 2018-03-31 | 2.99 | −1.20 | −28.72% |
| Q4 2017 | 2017-12-31 | 3.04 | −1.69 | −35.70% |
| Q3 2017 | 2017-09-30 | 3.79 | −1.41 | −27.18% |
| Q2 2017 | 2017-06-30 | 4.22 | −1.00 | −19.22% |
| Q1 2017 | 2017-03-31 | 4.19 | −0.97 | −18.84% |
| Q4 2016 | 2016-12-31 | 4.73 | −0.80 | −14.52% |
| Q3 2016 | 2016-09-30 | 5.20 | −0.49 | −8.59% |
| Q2 2016 | 2016-06-30 | 5.22 | −0.58 | −9.93% |
| Q1 2016 | 2016-03-31 | 5.17 | −0.24 | −4.44% |
| Q4 2015 | 2015-12-31 | 5.53 | 1.10 | +24.74% |
| Q3 2015 | 2015-09-30 | 5.69 | 1.22 | +27.39% |
| Q2 2015 | 2015-06-30 | 5.80 | 1.34 | +29.95% |
| Q1 2015 | 2015-03-31 | 5.40 | 1.52 | +39.21% |
| Q4 2014 | 2014-12-31 | 4.43 | 0.51 | +12.98% |
| Q3 2014 | 2014-09-30 | 4.46 | 0.02 | +0.52% |
| Q2 2014 | 2014-06-30 | 4.46 | −0.19 | −4.02% |
| Q1 2014 | 2014-03-31 | 3.88 | −0.68 | −14.93% |
| Q4 2013 | 2013-12-31 | 3.92 | −0.81 | −17.16% |
| Q3 2013 | 2013-09-30 | 4.44 | −0.49 | −9.96% |
| Q2 2013 | 2013-06-30 | 4.65 | −0.58 | −11.07% |
| Q1 2013 | 2013-03-31 | 4.56 | −61.67 | −93.11% |
| Q4 2012 | 2012-12-31 | 4.74 | −41.93 | −89.85% |
| Q3 2012 | 2012-09-30 | 4.93 | −175.71 | −97.27% |
| Q2 2012 | 2012-06-30 | 5.23 | — | — |
| Q1 2012 | 2012-03-31 | 66.23 | — | — |
| Q4 2011 | 2011-12-31 | 46.67 | — | — |
| Q3 2011 | 2011-09-30 | 180.64 | — | — |
United Rentals debt-to-equity ratio trends
Over the last five fiscal years, United Rentals's debt-to-equity ratio decreased from 2.29 to 1.75, a change of −0.54. The latest reported quarter, Q2 2026, shows 1.67.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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