Hilton Grand Vacations Inc (HGV)
Debt-to-assets 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 | 3,049,000 | 2,730,000 | 2,942,000 | 2,940,000 | 2,651,000 | 2,612,000 | 2,787,000 | 2,913,000 | 2,913,000 | 2,929,000 | 2,431,000 | 1,156,000 | 1,159,000 | 1,262,000 | 1,263,000 | 1,266,000 | 828,000 | 815,000 | 937,000 | 800,000 |
| Total assets | US$ in thousands | 8,685,000 | 8,009,000 | 8,151,000 | 8,478,000 | 8,004,000 | 8,046,000 | 8,132,000 | 8,442,000 | 8,008,000 | 8,097,000 | 4,507,000 | 3,114,000 | 3,134,000 | 3,544,000 | 3,635,000 | 3,704,000 | 3,079,000 | 3,038,000 | 2,989,000 | 2,961,000 |
| Debt-to-assets ratio | 0.35 | 0.34 | 0.36 | 0.35 | 0.33 | 0.32 | 0.34 | 0.35 | 0.36 | 0.36 | 0.54 | 0.37 | 0.37 | 0.36 | 0.35 | 0.34 | 0.27 | 0.27 | 0.31 | 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 shown relatively stable figures over the past eight quarters, ranging from 0.47 to 0.52. This ratio indicates the proportion of the company's assets financed by debt. The company maintains a moderate level of leverage, with a consistent ratio hovering around 0.47 to 0.48, suggesting that approximately 47% to 52% of its assets are funded by debt.
A ratio of around 0.47 to 0.49 indicates that Hilton Grand Vacations Inc relies moderately on debt financing to support its operations and investments, while still maintaining a significant portion of its assets funded through equity. This level of debt-to-assets ratio suggests a balanced capital structure, potentially allowing the company to benefit from the tax advantages of debt while managing the associated financial risks.