Booking Holdings Inc (BKNG)

Debt-to-equity ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	12,223,000	11,985,000	8,937,000	11,029,000	7,640,000
Total stockholders’ equity	US$ in thousands	-2,744,000	2,782,000	6,178,000	4,893,000	5,933,000
Debt-to-equity ratio		—	4.31	1.45	2.25	1.29

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $12,223,000K ÷ $-2,744,000K
= —

The debt-to-equity ratio of Booking Holdings Inc has shown fluctuating trends over the past five years. In 2019, the ratio was at a relatively low level of 1.45, indicating that the company had a conservative capital structure with a lower level of debt relative to equity. However, this ratio increased significantly to 2.46 in 2020, suggesting that the company took on more debt compared to its equity position.

Subsequently, in 2021, the debt-to-equity ratio decreased to 1.77, indicating a reduction in the company's reliance on debt financing. However, in 2022, the ratio spiked to 4.49, signaling a substantial increase in debt relative to equity, which could potentially raise concerns about the company's financial leverage and solvency.

Unfortunately, there is no data available for 2023 to provide further insights into the company's recent financial position. Overall, the fluctuating debt-to-equity ratio of Booking Holdings Inc over the past five years suggests varying levels of financial risk and capital structure decisions within the company.