Sabre Corpo (SABR)

Debt-to-capital 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	4,829,460	4,816,890	4,797,550	4,831,430	4,717,090	4,718,970	4,732,530	4,732,710	4,723,680	4,727,840	4,702,170	4,714,990	4,717,810	4,639,120	4,608,480	3,619,310	3,261,820	3,280,200	3,298,920	3,318,200
Total stockholders’ equity	US$ in thousands	-1,388,480	-1,294,880	-1,095,220	-975,597	-884,327	-742,964	-616,773	-447,048	-508,907	-363,762	-167,763	24,227	355,604	631,999	316,722	673,340	939,081	948,188	912,536	957,500
Debt-to-capital ratio		1.40	1.37	1.30	1.25	1.23	1.19	1.15	1.10	1.12	1.08	1.04	0.99	0.93	0.88	0.94	0.84	0.78	0.78	0.78	0.78

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $4,829,460K ÷ ($4,829,460K + $-1,388,480K)
= 1.40

The debt-to-capital ratio of Sabre Corp has been showing an increasing trend over the past eight quarters, indicating a rising level of financial leverage. The ratio has consistently been above 1.0, implying that the company relies more on debt financing than equity in its capital structure.

The ratio has increased from 1.10 in Q1 2022 to 1.40 in Q4 2023, reflecting a steady accumulation of debt relative to the total capital employed by the company. This upward movement suggests that Sabre Corp may be taking on more debt to fund its operations or growth strategies.

A debt-to-capital ratio above 1.0 typically indicates that a company has more debt than equity in its capital structure, which can increase financial risk and potentially impact the company's creditworthiness. Investors and creditors often view higher debt levels unfavorably as it can lead to increased interest payments and financial obligations.

Sabre Corp's management should closely monitor the trend in the debt-to-capital ratio to ensure the company's debt levels are sustainable and do not pose a significant risk to its financial health. Additionally, the company may need to consider strategies to reduce its reliance on debt financing in order to improve its financial stability and long-term prospects.