Marriott International Inc (MAR)
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 | 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 stockholders’ equity | US$ in thousands | -2,992,000 | -2,421,000 | -2,091,000 | -1,616,000 | -682,000 | -661,000 | -224,000 | 140,000 | 568,000 | 1,063,000 | 1,772,000 | 1,772,000 | 1,414,000 | 918,000 | 796,000 | 234,000 | 430,000 | 229,000 | -79,000 | -20,000 |
| Debt-to-capital ratio | 1.30 | 1.24 | 1.21 | 1.16 | 1.06 | 1.07 | 1.02 | 0.99 | 0.94 | 0.89 | 0.81 | 0.81 | 0.85 | 0.90 | 0.92 | 0.97 | 0.95 | 0.97 | 1.01 | 1.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $13,001,000K ÷ ($13,001,000K + $-2,992,000K)
= 1.30
Marriott International Inc's debt-to-capital ratio shows a fluctuating trend over the past few years, as per the provided data. The ratio stood at 1.00 as of March 31, 2020, indicating that the company's debt was equal to its total capital at that time.
Subsequently, the ratio slightly increased to 1.01 by June 30, 2020, before starting a downward trend. The ratio decreased to 0.85 by December 31, 2021, which indicates a lower level of debt relative to total capital.
Following this decline, the ratio saw a gradual uptrend, reaching 1.30 by December 31, 2024. This increase suggests a higher proportion of debt in relation to the company's capital.
Overall, fluctuations in the debt-to-capital ratio reflect changes in Marriott International Inc's capital structure and debt management practices over the analyzed period. Investors and stakeholders may consider analyzing the reasons behind these fluctuations to assess the company's financial health and risk levels.
Peer comparison
Dec 31, 2024