Travel + Leisure Co (TNL)

Debt-to-assets ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Long-term debt US$ in thousands 5,575,000
Total assets US$ in thousands 6,738,000 6,757,000 6,588,000 7,613,000 7,453,000
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.75

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,738,000K
= 0.00

Travel+Leisure Co's debt-to-assets ratio has shown some fluctuation over the past five years. In 2019, the ratio stood at 0.75, indicating that the company had $0.75 in debt for every $1 in assets. Subsequently, the ratio increased to 0.84 by the end of 2020, suggesting a higher level of leverage as the company had $0.84 in debt for every $1 in assets.

In 2021, the ratio decreased slightly to 0.81, indicating a potential reduction in debt relative to assets. However, the ratio increased again in 2022 to 0.83 before reaching 0.84 at the end of 2023, suggesting that the company's debt level in relation to its assets remained relatively high.

The trend in Travel+Leisure Co's debt-to-assets ratio indicates that the company has maintained a significant proportion of debt compared to its total assets over the five-year period. This could imply that Travel+Leisure Co relies heavily on debt financing to support its operations and growth initiatives. Investors and stakeholders may monitor this ratio closely to assess the company's financial risk and solvency.


Peer comparison

Dec 31, 2023