UPST Debt-to-Equity Ratio Analysis
Updated 131h ago·SEC filings & market data
Key Takeaway
A debt-to-equity ratio of 2.51x means the company carries $2.51 of debt for every $1 of shareholder equity.
Sector Performance
91th percentileUPST
2.51x
Sector Median
0.74x
Sector Avg
2.52x
Prior Period
2.62x(Jul 2026)
Deep Analysis
A debt-to-equity ratio of 2.51x means the company carries $2.51 of debt for every $1 of shareholder equity.
That is well above the sector median of 0.73x and places UPST at the 91st percentile among peers. Year-over-year data are not available, and the 8-quarter trend is not reported, but quarter-over-quarter the ratio fell 4.2% from 2.62x. The level indicates high financial leverage, and while the recent decline is a small positive, it does little to change the risk profile. This metric supports the overall cautious verdict by confirming elevated leverage compared to the sector.
Frequently Asked Questions
What does the Debt-to-Equity Ratio tell investors about UPST?
Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.
How is the Debt-to-Equity Ratio calculated?
Debt-to-Equity Ratio is calculated as: Total Debt / Shareholders' Equity.
Who are UPST's closest peers by Debt-to-Equity Ratio?
The closest peers by Debt-to-Equity Ratio include: W (-1.00x), MSCI (-2.37x), SBAC (-2.75x), LCID (-3.08x), TDG (-3.41x).
Learn More About Debt-to-Equity Ratio
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Debt/Equity Ratio: How Much Debt Is Too Much?
The debt to equity ratio explained: why context, interest coverage, and sector norms matter far more than the raw number when assessing debt risk.
The Formula
Total Debt / Shareholders' Equity
Why It Matters
Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.
Master UPST's Valuation
Get the complete institutional research report covering all fundamental and technical metrics.
View full UPST research report →UPST
2.51x
Sector Median
0.74x
Sector Avg
2.52x
How UPST's Debt-to-Equity Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.