Expedia Group Inc. (EXPE)

Debt-to-assets 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
Long-term debt	US$ in thousands	6,253,000	—	—	—	6,240,000	6,237,000	6,727,000	7,719,000	7,715,000	7,712,000	—	—	8,216,000	8,176,000	6,903,000	4,180,000	4,189,000	4,170,000	3,715,000	3,704,000
Total assets	US$ in thousands	21,642,000	22,522,000	25,676,000	24,986,000	21,561,000	21,879,000	24,744,000	24,577,000	21,548,000	21,944,000	24,181,000	21,866,000	18,690,000	19,679,000	21,905,000	20,417,000	21,416,000	21,381,000	22,201,000	20,963,000
Debt-to-assets ratio		0.29	0.00	0.00	0.00	0.29	0.29	0.27	0.31	0.36	0.35	0.00	0.00	0.44	0.42	0.32	0.20	0.20	0.20	0.17	0.18

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 some fluctuations over the past eight quarters. The ratio, which measures the proportion of the company's assets financed by debt, ranged between 0.24 and 0.31 during this period.

In Q2 and Q3 of 2023, the debt-to-assets ratio decreased to 0.24 and 0.28, respectively, indicating a lower reliance on debt to finance the company's operations and investments. This could be a positive sign, as lower debt levels generally indicate lower financial risk and potentially better financial health.

However, in Q1 and Q4 of 2023, the ratio increased to 0.25 and 0.29, respectively, suggesting a higher proportion of assets being funded by debt during those periods. While a slightly higher debt-to-assets ratio is not necessarily alarming, it could indicate increased leverage and risk for the company.

Comparing these figures to the same quarters in 2022, the debt-to-assets ratio remained relatively stable around 0.29. The slight decrease in Q3 and Q2 of 2022 to 0.27 could have been a positive development, but the subsequent increase in Q1 2022 to 0.31 indicates potentially higher debt levels.

Overall, the trend in Expedia Group Inc's debt-to-assets ratio has shown some variability in recent quarters, with a slight downward trend in the most recent periods. Investors and stakeholders may want to closely monitor future changes in this ratio to assess the company's financial leverage and risk management strategies.