Expedia Group Inc. (EXPE)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	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	3,967,000	4,184,000	4,342,000	4,083,000
Debt-to-capital ratio		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	0.51	0.50	0.46	0.48

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $6,253,000K ÷ ($6,253,000K + $1,534,000K)
= 0.80

Expedia Group Inc's debt-to-capital ratio has shown a slight increase in the most recent quarter, reaching 0.80 in Q4 2023 compared to 0.79 in the previous quarter. This indicates that the company's level of debt relative to its total capital has increased slightly. However, when compared to the same quarter in the previous year (Q4 2022), the debt-to-capital ratio has shown a more notable increase from 0.73 to 0.80.

Overall, the trend in Expedia's debt-to-capital ratio over the past few quarters has been fluctuating within a relatively narrow range, suggesting a moderate level of leverage in the company's capital structure. It is important for stakeholders to monitor this ratio closely to assess the company's ability to manage its debt obligations effectively and maintain financial stability.