Marriott International Inc (MAR)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 25,674,000 | 24,815,000 | 25,553,000 | 24,701,000 | 25,051,000 |
| Total stockholders’ equity | US$ in thousands | -682,000 | 568,000 | 1,414,000 | 430,000 | 703,000 |
| Financial leverage ratio | — | 43.69 | 18.07 | 57.44 | 35.63 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $25,674,000K ÷ $-682,000K
= —
The financial leverage ratio of Marriott International, Inc. has shown fluctuation over the past five years. From 2019 to 2020, there was a significant increase in the ratio from 35.63 to 57.44. This indicates an increase in the company's reliance on debt to finance its operations during that period. However, in 2021, there was a notable decrease in the ratio to 18.07, suggesting a reduction in the company's debt levels relative to its equity.
Subsequently, in 2022, the financial leverage ratio increased to 43.69, indicating a higher reliance on debt compared to the previous year. Unfortunately, the data for 2023 is not provided, making it challenging to offer a conclusive trend analysis for the most recent year. Overall, the fluctuating trend in Marriott International's financial leverage ratio highlights the company's varying levels of debt usage and its impact on its capital structure over the years.
Peer comparison
Dec 31, 2023