Hilton Grand Vacations Inc (HGV)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,601,000 | 3,049,000 | 2,651,000 | 2,913,000 | 1,159,000 |
| Total assets | US$ in thousands | 11,442,000 | 8,685,000 | 8,004,000 | 8,008,000 | 3,134,000 |
| Debt-to-assets ratio | 0.40 | 0.35 | 0.33 | 0.36 | 0.37 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,601,000K ÷ $11,442,000K
= 0.40
The debt-to-assets ratio of Hilton Grand Vacations Inc has shown a downward trend over the past five years. As of December 31, 2020, the ratio stood at 0.37, declining slightly to 0.36 by December 31, 2021. Subsequently, there was a more significant decrease to 0.33 by December 31, 2022, indicating a favorable reduction in the company's debt relative to its total assets. However, by December 31, 2024, the ratio increased to 0.40, which suggests a slight uptick in the proportion of debt to assets compared to the previous year. Overall, the downward trend in the debt-to-assets ratio from 2020 to 2022 reflects a potentially improved financial position in terms of leverage, although the increase in 2024 may warrant further monitoring to assess the company's debt management strategies.