Hyatt Hotels Corporation (H)
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 | 12,833,000 | 12,317,000 | 12,589,000 | 12,618,000 | 12,312,000 | 12,402,000 | 12,650,000 | 12,689,000 | 12,603,000 | 9,477,000 | 8,962,000 | 8,769,000 | 9,129,000 | 9,225,000 | 8,580,000 | 8,298,000 | 8,417,000 | 8,129,000 | 8,082,000 | 8,035,000 |
| 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 |
| Financial leverage ratio | 3.60 | 3.43 | 3.42 | 3.42 | 3.33 | 3.60 | 3.51 | 3.60 | 3.54 | 2.64 | 3.08 | 3.04 | 2.84 | 2.75 | 2.46 | 2.24 | 2.12 | 2.16 | 2.22 | 2.22 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $12,833,000K ÷ $3,564,000K
= 3.60
The financial leverage ratio measures the extent to which a company relies on debt to finance its operations and growth. A higher ratio indicates higher financial leverage or debt levels.
Based on the provided data for Hyatt Hotels Corporation, we can observe fluctuations in the financial leverage ratio over the past eight quarters. The ratio has ranged from 3.33 to 3.60 during this period, with the latest reported ratio being 3.60 in Q4 2023.
The company's financial leverage ratio peaked at 3.60 in both Q4 2023 and Q2 2022, indicating relatively higher levels of debt compared to other quarters. On the other hand, the lowest ratio of 3.33 was recorded in Q4 2022.
Overall, the financial leverage ratio of Hyatt Hotels Corporation has shown some variability but has generally remained within a relatively narrow range between 3.33 and 3.60. This suggests that the company has maintained a consistent level of financial leverage over the past eight quarters, with a moderate reliance on debt to support its operations and investments.
It is important for investors and analysts to continue monitoring the company's financial leverage ratio in conjunction with other financial metrics to assess its overall financial health and sustainability.
Peer comparison
Dec 31, 2023