Marriott International Inc (MAR)

Financial leverage 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
Total assets	US$ in thousands	25,674,000	25,267,000	25,087,000	24,863,000	24,815,000	24,763,000	24,615,000	25,238,000	25,553,000	24,506,000	24,504,000	24,369,000	24,701,000	25,148,000	25,680,000	25,549,000	25,051,000	24,812,000	24,893,000	24,746,000
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
Financial leverage ratio		—	—	—	177.59	43.69	23.30	13.89	14.24	18.07	26.69	30.78	104.14	57.44	109.82	—	—	35.63	29.61	20.08	15.44

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $25,674,000K ÷ $-682,000K
= —

Based on the financial leverage ratio data provided for Marriott International, Inc., we observe a significant increase in the ratio from Q1 2023 to Q1 2022. In Q1 2023, the financial leverage ratio stands at 177.59, reflecting a substantial increase compared to the ratio of 14.24 in Q1 2022. This surge indicates a higher level of financial leverage in Q1 2023, which could signify an increased reliance on debt to fund operations or investments.

The trend in financial leverage ratios over the past quarters demonstrates a notable fluctuation, with ratios ranging from 13.89 to 177.59. The variability in these ratios suggests fluctuations in the capital structure and financial risk management strategies of Marriott International over the analyzed periods. It is essential for investors and stakeholders to monitor these changes to assess the company's financial health and risk exposure.