Expedia Group Inc. (EXPE)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	6,253,000	6,240,000	7,715,000	8,216,000	4,189,000
Total assets	US$ in thousands	21,642,000	21,561,000	21,548,000	18,690,000	21,416,000
Debt-to-assets ratio		0.29	0.29	0.36	0.44	0.20

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $6,253,000K ÷ $21,642,000K
= 0.29

The debt-to-assets ratio of Expedia Group Inc has shown fluctuation over the past five years. The ratio was 0.29 as of December 31, 2023, which is consistent with the previous year's level. In 2021 and 2020, the ratio increased to 0.39 and 0.49, respectively, indicating a higher proportion of debt relative to assets during those years. On the other hand, the ratio was notably lower in 2019 at 0.23.

A debt-to-assets ratio of 0.29 as of December 31, 2023, suggests that Expedia Group Inc finances approximately 29% of its assets with debt. This indicates that a significant portion of the company's assets is financed through equity, potentially signaling a lower financial risk profile. However, fluctuations in the ratio over the years may indicate varying levels of leverage and financial stability within the company. Further analysis of trends in debt levels and asset composition would provide additional insights into Expedia Group Inc's financial health and capital structure.