Travel + Leisure Co (TNL)

Based on the provided data for Travel + Leisure Co, the solvency ratios indicate a strong financial position in terms of debt management and leverage:

1. Debt-to-Assets Ratio: Throughout the years 2020 to 2024, the company maintained a debt-to-assets ratio of 0.00, indicating that it has no debt relative to its total assets. This suggests that Travel + Leisure Co relies less on debt financing to support its operations and investments.

2. Debt-to-Capital Ratio: The data shows that the debt-to-capital ratio was not provided across the years, denoted as "—". Without this specific ratio, it is challenging to assess the proportion of debt relative to the company's total capital structure.

3. Debt-to-Equity Ratio: Similarly, the debt-to-equity ratio was also not provided (denoted as "—") for the years 2020 to 2024. This ratio typically indicates the extent to which a company is financed by debt versus equity capital.

4. Financial Leverage Ratio: The financial leverage ratio, which measures the company's use of debt to finance its assets, was not provided ("—") for the years 2020 to 2024. This ratio is useful for understanding how much debt a company is using to support its operations.

Overall, based on the available data, Travel + Leisure Co appears to have minimal debt obligations in relation to its assets, but additional information on debt-to-capital, debt-to-equity, and financial leverage ratios would provide a more comprehensive assessment of the company's solvency and financial leverage strategies.

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Coverage ratios

The interest coverage ratio for Travel + Leisure Co has shown fluctuations over the years based on the provided data. As of December 31, 2020, the interest coverage was negative at -0.45, indicating the company's operating income was insufficient to cover its interest expenses. However, the ratio improved significantly by December 31, 2021, reaching 3.14, and continued to increase to 3.50 by December 31, 2022. This improvement suggests that the company's ability to cover its interest payments has strengthened. Despite a slight dip to 2.95 by December 31, 2023, and 2.93 by December 31, 2024, the interest coverage remains above 1, indicating that Travel + Leisure Co is generating enough earnings to meet its interest obligations, albeit with some variability. Monitoring this ratio over time will be crucial to assess the company's financial health and its ability to manage its debt effectively.