Travel + Leisure Co (TNL)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 6,735,000 | 6,738,000 | 6,757,000 | 6,588,000 | 7,613,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,735,000K
= 0.00
The debt-to-assets ratio of Travel + Leisure Co has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely funded by equity, without any reliance on borrowing. It suggests that Travel + Leisure Co has a strong financial position with a low level of financial risk associated with debt. However, it is essential to consider other financial metrics and factors to gain a comprehensive understanding of the company's overall financial health and performance.
Peer comparison
Dec 31, 2024