Travel + Leisure Co (TNL)
Debt-to-assets 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 5,575,000 | 5,541,000 | 5,432,000 | 5,291,000 |
| Total assets | US$ in thousands | 6,738,000 | 6,655,000 | 6,602,000 | 6,477,000 | 6,757,000 | 6,380,000 | 6,477,000 | 6,600,000 | 6,588,000 | 6,601,000 | 6,639,000 | 6,728,000 | 7,613,000 | 7,822,000 | 7,597,000 | 7,776,000 | 7,453,000 | 7,563,000 | 7,466,000 | 7,370,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.75 | 0.73 | 0.73 | 0.72 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,738,000K
= 0.00
The debt-to-assets ratio of Travel+Leisure Co has remained relatively stable over the past eight quarters, ranging between 0.81 and 0.84. This indicates that, on average, approximately 84% of the company's assets were financed by debt during these periods. A ratio above 1 would imply that the company relies on debt financing more than its own equity to fund its operations, while a ratio below 1 would suggest that the company relies more on equity funding.
Based on the consistent values within the 0.81-0.84 range, it can be inferred that Travel+Leisure Co has maintained a relatively constant level of debt in proportion to its total assets over the observed quarters. This could indicate a deliberate capital structure strategy or stable financing needs within the company. Nonetheless, it is essential to consider the absolute levels of debt and assets in conjunction with the ratio to fully assess the company's financial health and leverage position.
Peer comparison
Dec 31, 2023