Expedia Group Inc. (EXPE)
Debt-to-capital ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 5,223,000 | 5,221,000 | 5,218,000 | — | 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 |
| Total stockholders’ equity | US$ in thousands | 1,557,000 | 1,322,000 | 889,000 | 890,000 | 1,534,000 | 1,673,000 | 1,759,000 | 1,832,000 | 2,283,000 | 2,268,000 | 1,910,000 | 2,078,000 | 2,057,000 | 1,603,000 | 1,096,000 | 1,209,000 | 1,510,000 | 1,632,000 | 1,734,000 | 2,270,000 |
| Debt-to-capital ratio | 0.77 | 0.80 | 0.85 | 0.00 | 0.80 | 0.00 | 0.00 | 0.00 | 0.73 | 0.73 | 0.78 | 0.79 | 0.79 | 0.83 | 0.00 | 0.00 | 0.84 | 0.83 | 0.80 | 0.65 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $5,223,000K ÷ ($5,223,000K + $1,557,000K)
= 0.77
The debt-to-capital ratio of Expedia Group Inc. provides insight into the company's financial leverage and capital structure. The ratio is calculated by dividing total debt by the sum of total debt and total equity.
From the provided data, we observe that the debt-to-capital ratio fluctuated over the quarters in question. It stood at 0.65 as of March 31, 2020, increased to 0.83 by September 30, 2020, and reached 0.84 by December 31, 2020. Notably, the ratio dropped to 0.00 by March 31, 2021, and remained at 0.00 through June 30, 2021, indicating the absence of debt relative to capital during that period.
However, the ratio increased to 0.83 by September 30, 2021, dropped to 0.79 by December 31, 2021, and remained relatively stable around 0.79 to 0.73 through September 30, 2022. There was another zero reading for the ratio by March 31, 2023, and June 30, 2023, suggesting minimal or no debt during those quarters.
The ratio picked up again to 0.80 by December 31, 2023, dipped to 0.00 by March 31, 2024, and surged to 0.85 by June 30, 2024, before settling at 0.80 by December 31, 2024.
Overall, Expedia Group's debt-to-capital ratio displayed variability, indicating changes in the proportion of debt to total capital over the quarters analyzed. It is essential to consider trends in this ratio alongside other financial metrics to assess the company's risk exposure and financial performance accurately.
Peer comparison
Dec 31, 2024