Travel + Leisure Co (TNL)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-capital ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1.11 | 1.12 | 1.12 | 1.13 |
| Debt-to-equity ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Travel+Leisure Co's solvency ratios indicate the company's ability to meet its long-term financial obligations and the extent to which it relies on debt to finance its operations. The debt-to-assets ratio has remained relatively stable at around 0.84 over the last eight quarters, suggesting that the company finances 84% of its assets through debt. This ratio indicates a moderate level of leverage.
The debt-to-capital ratio, which measures the proportion of debt in the company's capital structure, has fluctuated slightly between 1.18 and 1.22 during the same period. This indicates that the company relies on debt for approximately 119% to 122% of its capital, with the rest being funded by equity.
The absence of data for the debt-to-equity ratio and financial leverage ratio limits a more comprehensive analysis of Travel+Leisure Co's solvency position. However, the stability of the debt-related ratios suggests that the company has maintained a consistent level of debt relative to its assets and capital over the past two years. Investors and stakeholders may need to assess the overall financial health of the company by considering additional financial metrics and information.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2.96 | 3.06 | 3.27 | 3.44 | 3.52 | 3.67 | 3.57 | 3.42 | 3.15 | 2.55 | 1.92 | 0.68 | -0.45 | 0.59 | 1.53 | 3.54 | 5.34 | 4.64 | 4.82 | 6.19 |
Travel+Leisure Co's interest coverage has shown a consistent trend of around 3.5 times or higher over the past eight quarters. This indicates that the company's earnings before interest and taxes (EBIT) are sufficient to cover its interest expenses by a comfortable margin. The slight fluctuations in the interest coverage ratio over time may be due to changes in the company's operational performance or its debt structure. Overall, the company's interest coverage ratio suggests that it has a relatively low risk of defaulting on its interest payments, as its earnings are significantly higher than its interest obligations.