Expedia Group Inc. (EXPE)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	5,223,000	6,253,000	6,240,000	7,715,000	8,216,000
Total assets	US$ in thousands	22,388,000	21,642,000	21,561,000	21,548,000	18,690,000
Debt-to-assets ratio		0.23	0.29	0.29	0.36	0.44

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $5,223,000K ÷ $22,388,000K
= 0.23

Expedia Group Inc.'s debt-to-assets ratio has shown a declining trend over the past five years. As of December 31, 2020, the ratio stood at 0.44, indicating that 44% of the company's total assets were financed by debt. This ratio decreased to 0.36 by the end of 2021, reflecting a decrease in the proportion of assets funded by debt.

Subsequently, the ratio remained relatively stable at 0.29 from December 2022 to December 2023, suggesting that the company maintained a consistent level of debt relative to its total assets during this period. By the end of 2024, the debt-to-assets ratio further declined to 0.23, representing a significant reduction in the company's reliance on debt financing.

Overall, the decreasing trend in Expedia Group Inc.'s debt-to-assets ratio indicates a favorable financial position, as lower ratios typically signify lower financial risk and greater financial stability. The company's ability to reduce its debt relative to its total assets over the years may suggest effective management of its capital structure and financial leverage.