Marriott International Inc (MAR)
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 | 11,197,000 | 9,249,000 | 8,144,000 | 8,157,000 | 9,812,000 |
| Total assets | US$ in thousands | 25,674,000 | 24,815,000 | 25,553,000 | 24,701,000 | 25,051,000 |
| Debt-to-assets ratio | 0.44 | 0.37 | 0.32 | 0.33 | 0.39 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $11,197,000K ÷ $25,674,000K
= 0.44
The debt-to-assets ratio for Marriott International, Inc. has shown fluctuation over the past five years. The ratio increased from 0.44 in 2019 to 0.42 in 2020, before rising further to 0.40 in 2021. However, in the subsequent years, the ratio increased to 0.41 in 2022 and then to 0.46 in 2023. This indicates that the company's level of debt in relation to its total assets has been gradually increasing, which may suggest a higher level of financial leverage. It is important for investors and stakeholders to monitor this trend closely to assess Marriott's ability to manage its debt obligations and the associated risks.
Peer comparison
Dec 31, 2023