Expedia Group Inc. (EXPE)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 21,642,000 | 21,561,000 | 21,548,000 | 18,690,000 | 21,416,000 |
| Total stockholders’ equity | US$ in thousands | 1,534,000 | 2,283,000 | 2,057,000 | 1,510,000 | 3,967,000 |
| Financial leverage ratio | 14.11 | 9.44 | 10.48 | 12.38 | 5.40 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $21,642,000K ÷ $1,534,000K
= 14.11
The financial leverage ratio of Expedia Group Inc has exhibited fluctuations over the past five years. The ratio increased from 5.40 in 2019 to 12.38 in 2020, reflecting a significant surge in financial leverage within a year. However, there was a subsequent decrease to 10.48 in 2021, followed by a further decline to 9.44 in 2022. In 2023, the ratio rose to 14.11, indicating a significant increase in financial leverage compared to the prior year.
Overall, the trend in the financial leverage ratio suggests varying levels of debt utilization by Expedia Group Inc over the analyzed period. The relatively high ratio in 2023 may indicate a higher reliance on debt financing compared to previous years, potentially increasing the company's financial risk and interest obligations. This trend underscores the importance of closely monitoring the company's leverage levels and assessing the impact on its overall financial stability and performance.
Peer comparison
Dec 31, 2023