Booking Holdings Inc (BKNG)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | — | — | — | — | — | — | — | 23.47 | 9.12 | 6.01 | 6.12 | 5.12 | 3.83 | 4.21 | 4.97 | 4.97 | 4.47 | 4.51 | 5.23 | 4.66 |
Based on the data provided for Booking Holdings Inc, the solvency ratios paint a clear picture of the company's financial stability and ability to meet its long-term obligations.
The Debt-to-assets ratio for Booking Holdings Inc has consistently been reported as 0.00%, indicating that the company's total debt is very low in comparison to its total assets. This suggests that the company has a strong ability to cover its debts with its assets.
The Debt-to-capital ratio has also been consistently reported as 0.00%, which reflects that the company has not been heavily reliant on debt financing in relation to its total capital. This implies a healthy balance between debt and equity in the company's capital structure.
Similarly, the Debt-to-equity ratio has remained stable at 0.00%, indicating that Booking Holdings Inc has been maintaining a solid financial position with minimal debt relative to its equity. This ratio reaffirms the company's low reliance on debt to fund its operations.
The Financial leverage ratio, on the other hand, has shown some fluctuations over the periods provided. The ratio started at 4.66 in March 2020, peaked at 23.47 in March 2023, and then data became unavailable after that. This increase in financial leverage from 2020 to 2023 suggests a higher reliance on debt to support the company's operations and growth. However, the abrupt halt in data availability from June 2023 onwards prevents further analysis of the company's financial leverage.
Overall, based on the solvency ratios available, Booking Holdings Inc appears to have a robust financial position with low levels of debt in relation to its assets, capital, and equity. However, the significant increase in the Financial leverage ratio in March 2023 could be a point of concern if not managed effectively.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 6.39 | 6.85 | 7.46 | 7.63 | 7.11 | 8.82 | 9.14 | 10.82 | 11.03 | 11.24 | 7.95 | 3.94 | 5.39 | 3.50 | 3.03 | 3.59 | 2.60 | 5.48 | 11.14 | 15.89 |
Booking Holdings Inc's interest coverage ratio has fluctuated over the past few years. As of December 31, 2024, the interest coverage ratio stands at 6.39. This indicates that the company is generating enough earnings to cover its interest expenses approximately 6.39 times.
The trend shows a decline in the interest coverage ratio from 15.89 on March 31, 2020, to a low of 2.60 on December 31, 2020. This drop could raise concerns about the company's ability to meet its interest obligations. However, the ratio has since shown some improvement, reaching 7.46 on June 30, 2024.
It is essential for investors and stakeholders to monitor Booking Holdings Inc's interest coverage ratio closely to ensure the company can comfortably meet its interest payments and remain financially stable.