Expedia Group Inc. (EXPE)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,557,000 | 1,534,000 | 2,283,000 | 2,057,000 | 1,510,000 |
| Debt-to-equity ratio | 3.35 | 4.08 | 2.73 | 3.75 | 5.44 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $5,223,000K ÷ $1,557,000K
= 3.35
The debt-to-equity ratio of Expedia Group Inc. has shown fluctuations over the past five years. As of December 31, 2020, the ratio was relatively high at 5.44, indicating that the company relied more on debt to finance its operations compared to equity. However, there was a noticeable reduction in the ratio to 3.75 by December 31, 2021, suggesting a decrease in the reliance on debt.
Subsequently, the ratio continued to decline to 2.73 by December 31, 2022, reflecting a lower level of debt relative to equity in the company's capital structure. However, by December 31, 2023, there was an increase in the ratio to 4.08, signifying a higher proportion of debt used in financing.
In the most recent year, December 31, 2024, the debt-to-equity ratio reduced again to 3.35, indicating a moderate level of debt compared to equity. Overall, the trend in the debt-to-equity ratio for Expedia Group Inc. suggests varying degrees of leverage utilized by the company over the analyzed period.
Peer comparison
Dec 31, 2024