Travel + Leisure Co (TNL)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 6,738,000 | 6,757,000 | 6,588,000 | 7,613,000 | 7,453,000 |
| Total stockholders’ equity | US$ in thousands | -918,000 | -913,000 | -801,000 | -975,000 | -530,000 |
| Financial leverage ratio | — | — | — | — | — |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,738,000K ÷ $-918,000K
= —
The financial leverage ratio is used to assess a company's degree of financial leverage and its ability to meet its financial obligations. The formula for the financial leverage ratio is Total Debt / Total Equity.
Without the specific data for Travel+Leisure Co for each year, we are unable to calculate the financial leverage ratio or provide an analysis based on the information presented. However, it is important to note that a higher financial leverage ratio indicates higher levels of debt relative to equity, which can potentially magnify returns but also increase financial risk. Conversely, a lower financial leverage ratio suggests a conservative capital structure with less reliance on debt financing.
To fully evaluate Travel+Leisure Co's financial leverage ratio and its implications, it would be essential to obtain the specific data for total debt and total equity for each of the years in question.
Peer comparison
Dec 31, 2023