Expedia Group Inc. (EXPE)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 22,388,000 | 23,405,000 | 25,893,000 | 24,761,000 | 21,642,000 | 22,522,000 | 25,676,000 | 24,986,000 | 21,561,000 | 21,879,000 | 24,744,000 | 24,577,000 | 21,548,000 | 21,944,000 | 24,181,000 | 21,866,000 | 18,690,000 | 19,679,000 | 21,905,000 | 20,417,000 |
| 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 |
| Financial leverage ratio | 14.38 | 17.70 | 29.13 | 27.82 | 14.11 | 13.46 | 14.60 | 13.64 | 9.44 | 9.65 | 12.95 | 11.83 | 10.48 | 13.69 | 22.06 | 18.09 | 12.38 | 12.06 | 12.63 | 8.99 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $22,388,000K ÷ $1,557,000K
= 14.38
The financial leverage ratio of Expedia Group Inc. shows a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The ratio increased from 8.99 on March 31, 2020, to reach a peak of 29.13 on June 30, 2024, indicating a significant increase in financial leverage during this period.
Subsequently, the ratio decreased to 14.38 by December 31, 2024, showing a partial reversal of the earlier trend. These fluctuations suggest that Expedia Group has been actively managing its financial leverage, potentially utilizing debt to finance its operations or investments during certain periods and adjusting its capital structure over time.
The high levels of financial leverage ratios observed in mid-2021 to mid-2024 may indicate a relatively higher proportion of debt in the company's capital structure compared to equity, which could potentially magnify returns but also increases financial risk, especially in times of economic downturn or rising interest rates.
Overall, a detailed analysis of Expedia Group Inc.'s financial leverage ratio demonstrates the company's strategic approach to balancing debt and equity in its capital structure, with noticeable fluctuations reflecting dynamic financial decisions made over the analyzed timeframe.
Peer comparison
Dec 31, 2024