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.
Peer comparison
Dec 31, 2023