Marriott International Inc (MAR)
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 | 13,001,000 | 11,197,000 | 9,249,000 | 8,144,000 | 8,157,000 |
| Total assets | US$ in thousands | 26,182,000 | 25,674,000 | 24,815,000 | 25,553,000 | 24,701,000 |
| Debt-to-assets ratio | 0.50 | 0.44 | 0.37 | 0.32 | 0.33 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $13,001,000K ÷ $26,182,000K
= 0.50
The debt-to-assets ratio of Marriott International Inc has shown a fluctuating trend over the last five years. Starting at 0.33 in December 2020, the ratio decreased slightly to 0.32 by December 2021. However, there was an increase in the ratio to 0.37 by December 2022, followed by a more significant rise to 0.44 by December 2023, and eventually reaching 0.50 by December 2024.
The upward trend in the debt-to-assets ratio indicates that Marriott International Inc has been relying more on debt to finance its assets over the years. This could suggest an increase in financial leverage, which may pose risks in terms of debt repayment obligations and potential financial distress. It is important for investors and stakeholders to monitor this ratio to assess the company's risk profile and financial health.
Peer comparison
Dec 31, 2024