Hilton Grand Vacations Inc (HGV)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,049,000 | 2,651,000 | 2,913,000 | 1,159,000 | 828,000 |
| Total assets | US$ in thousands | 8,685,000 | 8,004,000 | 8,008,000 | 3,134,000 | 3,079,000 |
| Debt-to-assets ratio | 0.35 | 0.33 | 0.36 | 0.37 | 0.27 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,049,000K ÷ $8,685,000K
= 0.35
The debt-to-assets ratio for Hilton Grand Vacations Inc has fluctuated over the past five years, ranging from 0.47 to 0.61. The ratio indicates that, on average, the company finances about 52% of its assets through debt.
It is worth noting that the ratio increased in 2021 and 2020, reaching its highest point at 0.61 in 2020, before declining in 2022 and 2023. This suggests that the company may have taken on more debt relative to its assets in those years, which could indicate increased financial leverage.
Overall, the trend in the debt-to-assets ratio for Hilton Grand Vacations Inc shows some variability, but it is important to examine the company's overall financial performance and other metrics to gain a complete understanding of its financial health and debt management strategy.