Marriott International Inc (MAR)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	-2,992,000	-682,000	568,000	1,414,000	430,000
Debt-to-equity ratio		—	—	16.28	5.76	18.97

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $13,001,000K ÷ $-2,992,000K
= —

The debt-to-equity ratio of Marriott International Inc has shown fluctuations over the years. As of December 31, 2020, the ratio stood at 18.97, indicating a higher reliance on debt financing relative to equity. However, by December 31, 2021, the ratio decreased significantly to 5.76, reflecting a more balanced capital structure with reduced debt levels.

Subsequently, as of December 31, 2022, the debt-to-equity ratio increased to 16.28, suggesting a higher proportion of debt compared to equity in the company's capital structure. Unfortunately, the data for December 31, 2023, and December 31, 2024, are not available (represented as "—"), making it challenging to assess the trend in the debt-to-equity ratio in these years.

Overall, the fluctuation in Marriott International Inc's debt-to-equity ratio highlights changes in its financing strategy and capital allocation decisions over the analyzed period. Investors and stakeholders may need additional information to fully understand the implications of these ratios on the company's financial health and risk profile.