Marriott International Inc (MAR)

Debt-to-equity 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-equity ratio		—	—	—	—	—	—	—	72.64	16.28	8.21	4.40	4.40	5.76	9.12	11.10	37.79	18.97	37.56	—	—

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 is a key financial metric that provides insight into a company's capital structure and financial leverage. It is calculated by dividing a company's total debt by its total shareholders' equity.

Looking at the debt-to-equity ratio of Marriott International Inc over the past few years, we can see fluctuations in the ratio:

- At September 30, 2020, the ratio was relatively high at 37.56, indicating higher reliance on debt to finance its operations compared to equity.
- The ratio decreased to 18.97 by December 31, 2020, suggesting that the company reduced its debt levels or increased equity during that period.
- Subsequently, the ratio fluctuated further, with notable declines by March 31, 2021 (37.79) and June 30, 2021 (11.10), before dropping significantly to 5.76 by December 31, 2021.
- The trend continued with a further decrease to 4.40 by March 31, 2022, and remained consistent in the subsequent quarters.
- The ratio increased to 72.64 by March 31, 2023, indicating a substantial increase in debt relative to equity during that period. However, the ratio data is missing for the following quarters.

Overall, based on the available data, we observe fluctuating trends in Marriott International Inc's debt-to-equity ratio, with periods of both high and low leverage. It is important for investors and stakeholders to monitor these changes to assess the company's financial risk and leverage position.