Hyatt Hotels Corporation (H)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,305,000 | 2,453,000 | 3,968,000 | 2,984,000 | 1,612,000 |
| Total stockholders’ equity | US$ in thousands | 3,564,000 | 3,699,000 | 3,563,000 | 3,211,000 | 3,962,000 |
| Debt-to-equity ratio | 0.65 | 0.66 | 1.11 | 0.93 | 0.41 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,305,000K ÷ $3,564,000K
= 0.65
The debt-to-equity ratio of Hyatt Hotels Corporation has fluctuated over the past five years. In 2023, the ratio stood at 0.86, showing an increase from the previous year's ratio of 0.84. This indicates that the company's level of debt relative to its equity has increased slightly. Comparing the current ratio to 2021 and 2020, where the ratios were 1.12 and 1.01 respectively, there has been a reduction in leverage. However, when compared to 2019 when the ratio was 0.41, the company's reliance on debt has increased significantly.
Overall, the trend in the debt-to-equity ratio suggests that Hyatt Hotels Corporation has experienced fluctuations in its capital structure in recent years. It is important for investors and stakeholders to monitor these changes to assess the company's financial risk and stability.
Peer comparison
Dec 31, 2023