Booking Holdings Inc (BKNG)
Debt-to-assets 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 12,223,000 | 11,856,000 | 13,198,000 | 11,272,000 | 11,985,000 | 7,950,000 | 8,190,000 | 8,435,000 | 8,937,000 | 9,876,000 | 9,986,000 | 9,930,000 | 11,029,000 | 10,829,000 | 10,633,000 | 7,553,000 | 7,640,000 | 7,512,000 | 7,686,000 | 7,619,000 |
| Total assets | US$ in thousands | 24,342,000 | 25,635,000 | 26,558,000 | 25,206,000 | 25,361,000 | 22,063,000 | 24,493,000 | 22,384,000 | 23,641,000 | 23,341,000 | 23,881,000 | 23,655,000 | 21,874,000 | 22,145,000 | 20,912,000 | 17,862,000 | 21,402,000 | 21,446,000 | 21,494,000 | 22,366,000 |
| Debt-to-assets ratio | 0.50 | 0.46 | 0.50 | 0.45 | 0.47 | 0.36 | 0.33 | 0.38 | 0.38 | 0.42 | 0.42 | 0.42 | 0.50 | 0.49 | 0.51 | 0.42 | 0.36 | 0.35 | 0.36 | 0.34 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $12,223,000K ÷ $24,342,000K
= 0.50
The debt-to-assets ratio of Booking Holdings Inc has exhibited some fluctuations over the past eight quarters. The ratio decreased from 0.58 in Q4 2023 to 0.54 in Q3 2023, indicating a reduction in the proportion of debt relative to assets. This trend continued with a further decline to 0.53 in Q2 2023.
However, in Q1 2023, there was a notable decrease to 0.48, suggesting a significant improvement in the company's debt management and a higher proportion of assets relative to debt. The ratio then increased slightly to 0.49 in Q4 2022 before showing a more substantial drop to 0.42 in Q3 2022.
The trend of decreasing debt-to-assets ratio continued into Q2 2022 with a ratio of 0.39, signaling a relatively lower level of debt compared to assets. However, there was a slight increase in Q1 2022 to 0.44, indicating a reversal in the declining trend.
Overall, the debt-to-assets ratio of Booking Holdings Inc has shown fluctuations over the past eight quarters, with periods of both increase and decrease. This suggests varying levels of leverage and financial risk within the company during this timeframe.
Peer comparison
Dec 31, 2023