Booking Holdings Inc (BKNG)

Debt-to-equity ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	-4,020,000	-2,744,000	2,782,000	6,178,000	4,893,000
Debt-to-equity ratio		—	—	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $-4,020,000K
= —

The debt-to-equity ratio of Booking Holdings Inc has remained consistently at 0.00 from December 31, 2020, to December 31, 2022. A debt-to-equity ratio of 0.00 indicates that the company has no debt or a negligible amount compared to its equity. This signifies that Booking Holdings Inc relies predominantly on equity financing to fund its operations and expansion, which is generally viewed positively by investors as it indicates a lower financial risk. The absence of debt in the capital structure can also imply lower interest expenses and financial leverage. However, it's noted that the data for December 31, 2023, and December 31, 2024 is represented as "—", suggesting a lack of available data for those periods, which limits a comprehensive analysis of the trend over a longer period.