Expedia Group Inc. (EXPE)

Financial leverage ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total assets	US$ in thousands	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	21,416,000	21,381,000	22,201,000	20,963,000
Total stockholders’ equity	US$ in thousands	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	3,967,000	4,184,000	4,342,000	4,083,000
Financial leverage ratio		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	5.40	5.11	5.11	5.13

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 shown fluctuations over the past eight quarters. The ratio ranged from a low of 9.44 in Q4 2022 to a high of 14.60 in Q2 2023, indicating variations in the company's level of debt relative to its equity during this period. It is noteworthy that the ratio has generally been increasing from Q3 2022 to Q2 2023, which suggests a higher reliance on debt financing during this time. However, the ratio decreased in Q3 2023 before rising again in Q4 2023. The fluctuations in the financial leverage ratio could imply changes in the company's capital structure and potential shifts in its risk profile. Further analysis would be needed to understand the reasons behind the changes in the financial leverage ratio and assess the implications for Expedia Group Inc's financial health and stability.