Hyatt Hotels Corporation (H)

Debt-to-equity 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
Long-term debt	US$ in thousands	2,305,000	3,049,000	3,053,000	2,454,000	2,453,000	3,150,000	3,798,000	3,815,000	3,968,000	2,978,000	2,986,000	2,982,000	2,984,000	2,981,000	2,491,000	1,602,000	1,612,000	1,612,000	1,621,000	1,621,000
Total stockholders’ equity	US$ in thousands	3,564,000	3,586,000	3,682,000	3,693,000	3,699,000	3,443,000	3,609,000	3,521,000	3,563,000	3,586,000	2,906,000	2,885,000	3,211,000	3,350,000	3,490,000	3,705,000	3,962,000	3,756,000	3,642,000	3,622,000
Debt-to-equity ratio		0.65	0.85	0.83	0.66	0.66	0.91	1.05	1.08	1.11	0.83	1.03	1.03	0.93	0.89	0.71	0.43	0.41	0.43	0.45	0.45

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 been relatively stable over the past eight quarters, ranging from 0.84 to 1.10. The ratio indicates the proportion of the company's debt financing in relation to its equity financing.

In the most recent quarter, Q4 2023, the debt-to-equity ratio was at 0.86, which suggests that the company has slightly more debt than equity in its capital structure. This indicates that Hyatt Hotels Corporation relies more on debt to finance its operations and growth compared to equity.

Overall, a consistent debt-to-equity ratio over time can indicate a stable financial structure. However, analysts may want to monitor any significant changes in this ratio to assess the company's risk profile and financial health in the future.