Travel + Leisure Co (TNL)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	-918,000	-1,008,000	-1,014,000	-984,000	-913,000	-911,000	-854,000	-819,000	-801,000	-857,000	-925,000	-983,000	-975,000	-1,000,000	-1,056,000	-897,000	-530,000	-576,000	-565,000	-589,000
Debt-to-equity ratio		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $-918,000K
= —

Based on the data provided, it appears that the debt-to-equity ratio for Travel+Leisure Co is not available for the specified quarters of 2023 and 2022. The lack of this critical financial metric makes it challenging to assess the company's capital structure, leverage, and financial risk during those periods. To conduct a more comprehensive analysis of Travel+Leisure Co's debt utilization and equity financing, additional information or alternative financial ratios would be required. Further exploration of the company's balance sheet, income statement, and cash flow statement would be necessary to provide a more detailed assessment of its financial health and risk profile.