Expedia Group Inc. (EXPE)
Debt-to-equity 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-equity ratio | 3.35 | 3.95 | 5.87 | 0.00 | 4.08 | 0.00 | 0.00 | 0.00 | 2.73 | 2.75 | 3.52 | 3.71 | 3.75 | 4.81 | 0.00 | 0.00 | 5.44 | 5.01 | 3.98 | 1.84 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $5,223,000K ÷ $1,557,000K
= 3.35
Expedia Group Inc.'s debt-to-equity ratio has shown significant fluctuations over the past few years, reflecting changes in the company's capital structure.
From March 31, 2020, to December 31, 2020, the debt-to-equity ratio increased steadily from 1.84 to 5.44, indicating a significant rise in the company's debt relative to its equity. This high ratio may suggest higher financial risk and reliance on debt financing during this period.
However, in March 2021 and June 2021, the ratio dropped to 0.00, indicating that the company had either paid off its debt or had very minimal debt compared to equity. This sudden decrease may indicate a shift in the company's capital structure towards more equity financing or the successful repayment of debt.
Subsequently, from September 30, 2021, to December 31, 2024, the debt-to-equity ratio fluctuated within a narrower range, with ratios ranging from 0.00 to 5.87. These fluctuations suggest ongoing changes in the company's debt and equity mix, possibly reflecting strategic decisions in response to market conditions or investment opportunities.
Overall, Expedia Group Inc.'s debt-to-equity ratio has been variable, displaying both high and low levels of leverage over the analyzed period. This fluctuation underscores the importance of analyzing the company's financial ratios in conjunction with other performance metrics to gain a comprehensive understanding of its financial health and risk profile.
Peer comparison
Dec 31, 2024