Marriott International Inc (MAR)

Debt-to-assets 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	13,001,000	12,531,000	12,040,000	11,603,000	11,197,000	10,745,000	10,276,000	10,170,000	9,249,000	8,727,000	7,797,000	7,801,000	8,144,000	8,373,000	8,839,000	8,842,000	8,157,000	8,602,000	7,618,000	5,908,000
Total assets	US$ in thousands	26,182,000	26,209,000	25,740,000	25,756,000	25,674,000	25,267,000	25,087,000	24,863,000	24,815,000	24,763,000	24,615,000	25,238,000	25,553,000	24,506,000	24,504,000	24,369,000	24,701,000	25,148,000	25,680,000	25,549,000
Debt-to-assets ratio		0.50	0.48	0.47	0.45	0.44	0.43	0.41	0.41	0.37	0.35	0.32	0.31	0.32	0.34	0.36	0.36	0.33	0.34	0.30	0.23

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 been increasing steadily over the last few years, indicating a higher proportion of debt relative to assets. Starting at 0.23 as of March 31, 2020, the ratio has gradually risen to 0.50 as of December 31, 2024. This suggests that the company is becoming more reliant on debt financing to support its operations and investments. The trend may signal a potential risk as higher levels of debt could increase financial leverage and interest payment obligations, impacting the company's financial stability and profitability. Further monitoring and analysis of Marriott's debt management strategies and overall financial health would be prudent.