Airbnb Inc (ABNB)

Debt-to-capital ratio

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Long-term debt US$ in thousands 1,991,000 1,990,000 2,000,000 2,000,000 1,987,000 1,985,660 1,984,620 1,983,580 1,983,000 1,981,500 1,980,460 1,979,400
Total stockholders’ equity US$ in thousands 8,165,000 9,123,000 5,059,000 5,291,000 5,560,000 5,540,000 5,245,000 4,737,000 4,775,000 4,448,930 3,393,200 3,159,420
Debt-to-capital ratio 0.20 0.18 0.28 0.27 0.26 0.26 0.27 0.30 0.29 0.31 0.37 0.39

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,991,000K ÷ ($1,991,000K + $8,165,000K)
= 0.20

The debt-to-capital ratio of Airbnb Inc has shown some fluctuations over the past eight quarters. In Q4 2023, the ratio stands at 0.20, indicating that 20% of the company's capital structure is funded by debt. This figure has increased compared to the previous quarter but remains relatively low compared to historical data.

Throughout the past two years, the debt-to-capital ratio has generally remained within the range of 0.18 to 0.30, with occasional deviations. The ratio peaked at 0.30 in Q1 2022 before gradually decreasing until Q3 2023. This indicates that Airbnb has been managing its capital structure by utilizing a mix of equity and debt financing, with fluctuations in the ratio likely reflecting changes in the company's debt levels and capital structure management strategies.

Overall, the trend in Airbnb's debt-to-capital ratio suggests a moderate reliance on debt for funding its operations and investments, with the company maintaining a balanced approach to capital structure management. Investors and stakeholders may view this ratio as an important metric to assess the company's financial risk and leverage position over time.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-capital ratio
Airbnb Inc
ABNB
0.20
ABM Industries Incorporated
ABM
0.42
Frontdoor Inc
FTDR
0.00
Rollins Inc
ROL
0.30

See also:

Airbnb Inc Debt to Capital (Quarterly Data)