Marriott International Inc (MAR)
Debt-to-equity ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 9,812,000 | 10,399,000 | 10,031,000 | 9,869,000 |
| Total stockholders’ equity | US$ in thousands | -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 | 703,000 | 838,000 | 1,240,000 | 1,603,000 |
| 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 | — | — | 13.96 | 12.41 | 8.09 | 6.16 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $11,197,000K ÷ $-682,000K
= —
Marriott International, Inc.'s debt-to-equity ratio has shown significant fluctuations over the past eight quarters. In Q1 2022, the ratio was 5.34, indicating a moderate level of debt relative to equity. This ratio increased steadily in subsequent quarters, reaching a peak of 76.12 in Q1 2023, reflecting a substantial increase in debt compared to equity. The lack of data for Q2 and Q3 of 2023 makes it difficult to assess the trend further, but the sharp increase in Q1 suggests potential financial leverage or increased reliance on debt financing during that period. Monitoring future changes in the debt-to-equity ratio will be essential to assess Marriott International's financial leverage and risk profile.
Peer comparison
Dec 31, 2023