What Does United Parcel Service's Debt Look Like?
Portfolio Pulse from Benzinga Insights
United Parcel Service Inc. (NYSE:UPS) has seen its shares move lower by 5.84% in the past three months. The company's total debt stands at $22.19 billion, with $19.86 billion in long-term debt and $2.33 billion in current debt. After adjusting for $6.19 billion in cash-equivalents, the net debt is $16.00 billion. The company's debt-ratio is 0.31, indicating a moderate level of financial leverage.
July 18, 2023 | 6:00 pm
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United Parcel Service's total debt is $22.19 billion, with a net debt of $16.00 billion. The company's debt-ratio is 0.31, indicating a moderate level of financial leverage.
The company's high level of debt could be a concern for investors, as it increases the risk of defaulting on loans, especially if interest rates were to increase. This could be a factor in the recent drop in the company's share price.
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