Booking Holdings Inc (BKNG)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total stockholders’ equity | US$ in thousands | -2,744,000 | -625,000 | -665,000 | 1,074,000 | 2,782,000 | 3,670,000 | 4,002,000 | 4,373,000 | 6,178,000 | 5,545,000 | 4,799,000 | 4,764,000 | 4,893,000 | 4,913,000 | 3,999,000 | 3,831,000 | 5,933,000 | 5,951,000 | 5,307,000 | 6,915,000 |
| Financial leverage ratio | — | — | — | 23.47 | 9.12 | 6.01 | 6.12 | 5.12 | 3.83 | 4.21 | 4.98 | 4.97 | 4.47 | 4.51 | 5.23 | 4.66 | 3.61 | 3.60 | 4.05 | 3.23 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $24,342,000K ÷ $-2,744,000K
= —
The financial leverage ratio of Booking Holdings Inc has shown an increasing trend over the past quarters, reaching 23.47 in Q1 2023 from 9.12 in Q4 2022. This indicates that the company is relying more on debt to finance its operations and investments. The ratio of 23.47 in Q1 2023 suggests that for every dollar of equity, Booking Holdings Inc has $23.47 of debt. This high level of financial leverage may increase the company's financial risk and make it more vulnerable to economic downturns or changes in interest rates. Investors and stakeholders should closely monitor the company's debt levels and ability to meet its financial obligations.
Peer comparison
Dec 31, 2023