Hyatt Hotels Corporation (H)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,326,000 | 2,305,000 | 2,453,000 | 3,968,000 | 2,984,000 |
| Total stockholders’ equity | US$ in thousands | 3,547,000 | 3,564,000 | 3,699,000 | 3,563,000 | 3,211,000 |
| Debt-to-equity ratio | 0.94 | 0.65 | 0.66 | 1.11 | 0.93 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,326,000K ÷ $3,547,000K
= 0.94
The debt-to-equity ratio of Hyatt Hotels Corporation has shown some fluctuations over the past five years. Starting at 0.93 in December 2020, the ratio increased to 1.11 by the end of December 2021, indicating a higher reliance on debt compared to equity during that period. Subsequently, there was a significant decrease in the ratio to 0.66 by December 2022, suggesting a reduction in the company's debt relative to its equity. This trend continued into December 2023, with the ratio further decreasing to 0.65, reflecting a continued favorable balance between debt and equity financing. However, by December 2024, the debt-to-equity ratio edged up to 0.94, signifying a slight increase in debt utilization compared to equity. Overall, the varying levels of the debt-to-equity ratio suggest a dynamic approach to capital structure management by Hyatt Hotels Corporation in response to changing business conditions.
Peer comparison
Dec 31, 2024