Expedia Group Inc. (EXPE)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,534,000 | 2,283,000 | 2,057,000 | 1,510,000 | 3,967,000 |
| Debt-to-equity ratio | 4.08 | 2.73 | 3.75 | 5.44 | 1.06 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $6,253,000K ÷ $1,534,000K
= 4.08
The debt-to-equity ratio of Expedia Group Inc has shown significant fluctuations over the past five years. As of December 31, 2023, the ratio stands at 4.08, indicating that the company's level of debt in relation to its equity is relatively high. This represents an increase from the previous year's ratio of 2.73.
The ratio was also relatively high in 2021 at 4.11, and notably spiked in 2020 to 6.12, suggesting the company had a higher proportion of debt compared to equity during that period. However, in 2019, the ratio was lower at 1.24, indicating a more conservative debt structure.
The fluctuation in the debt-to-equity ratio may suggest varying levels of financial leverage and risk management strategies employed by the company over the years. Investors and creditors may closely monitor this ratio to assess Expedia Group's capital structure and financial health.
Peer comparison
Dec 31, 2023