United Parcel Service — Debt Discipline

DEBT DISCIPLINE

TICKER: [US.UPS - United Parcel Service]
PERIOD: [2010-ANNUAL ~ 2025-ANNUAL]


[-] Leverage (D/E): 9.29 (< 0.5 = conservative, > 1.5 = aggressive)
[+] Interest Coverage: 7.7x (> 5x = safe, < 2x = risky)
[-] Net Cash Company: No (Net debt < 0 = Buffett favorite)


Metric                     Value
--------------------------------
Avg D/E                     9.29
D/E Trend (Slope)       5.43%/yr
Last Interest Coverage      7.7x
Last Net D/E                1.40


Period       Total Debt   Equity    D/E  D/EBITDA  Coverage  Net D/E
--------------------------------------------------------------------
2010 ANNUAL      10.85B    7.98B   1.36      1.9x     15.9x     0.94
2011 ANNUAL      11.13B    7.04B   1.58      1.8x     17.5x     1.15
2012 ANNUAL      12.87B    4.65B   2.77      9.6x      3.4x     1.19
2013 ANNUAL      10.87B    6.47B   1.68      1.5x     18.5x     0.96
2014 ANNUAL      10.78B    2.14B   5.03      2.2x     14.1x     3.96
2015 ANNUAL      14.33B    2.47B   5.80      1.9x     22.5x     4.70
2016 ANNUAL      16.07B  405.00M  39.69      2.1x     20.2x    31.11
2017 ANNUAL      24.29B  994.00M  24.44      3.2x     16.6x    21.10
2018 ANNUAL      22.74B    3.02B   7.53      3.2x     11.6x     6.13
2019 ANNUAL      28.17B    3.27B   8.62      3.6x     11.9x     7.02
2020 ANNUAL      27.75B  657.00M  42.24      3.6x     11.0x    33.25
2021 ANNUAL      25.53B   14.25B   1.79      2.0x     18.5x     1.07
2022 ANNUAL      23.52B   19.79B   1.19      1.8x     18.6x     0.91
2023 ANNUAL      26.73B   17.31B   1.54      2.9x     11.6x     1.36
2024 ANNUAL      25.65B   16.72B   1.53      3.0x      9.8x     1.17
2025 ANNUAL      28.59B   16.23B   1.76      3.6x      7.7x     1.40