Hilton Grand Vacations Inc (HGV)
Debt-to-capital ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,601,000 | 5,039,000 | 4,885,000 | 5,144,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,752,000 | 1,845,000 | 1,918,000 | 2,004,000 | 2,115,000 | 2,148,000 | 2,105,000 | 2,132,000 | 2,151,000 | 2,157,000 | 2,077,000 | 2,065,000 | 1,988,000 | 1,894,000 | 396,000 | 369,000 | 374,000 | 522,000 | 523,000 | 563,000 |
| Debt-to-capital ratio | 0.72 | 0.73 | 0.72 | 0.72 | 0.59 | 0.56 | 0.58 | 0.58 | 0.55 | 0.55 | 0.57 | 0.59 | 0.59 | 0.61 | 0.86 | 0.76 | 0.76 | 0.71 | 0.71 | 0.69 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $4,601,000K ÷ ($4,601,000K + $1,752,000K)
= 0.72
The debt-to-capital ratio of Hilton Grand Vacations Inc has shown fluctuations over the past few years. The ratio was 0.69 as of March 31, 2020, increased to 0.86 by June 30, 2021, and then decreased to 0.55 as of September 30, 2022. It slightly increased to 0.59 as of December 31, 2022, before decreasing again to 0.56 by September 30, 2023. The ratio increased to 0.72 by March 31, 2024, and remained fairly consistent at this level for the subsequent quarters.
A debt-to-capital ratio of 0.55 to 0.59 indicates that Hilton Grand Vacations Inc is utilizing a moderate level of debt financing relative to its total capital. This could suggest a relatively stable financial position with a manageable amount of debt in its capital structure. However, the fluctuations in the ratio over time may indicate changes in the company's debt management or capital structure strategy. It is important for investors and stakeholders to monitor these changes to assess the company's financial health and risk profile.