TripAdvisor Inc (TRIP)
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 | 839,000 | 836,000 | 833,000 | 491,000 | — |
| Total assets | US$ in thousands | 2,537,000 | 2,569,000 | 2,289,000 | 1,969,000 | 1,984,000 |
| Debt-to-assets ratio | 0.33 | 0.33 | 0.36 | 0.25 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $839,000K ÷ $2,537,000K
= 0.33
The debt-to-assets ratio for TripAdvisor Inc. has shown consistency over the past five years, ranging from 0.04 to 0.39. A higher debt-to-assets ratio indicates a higher proportion of the company's assets are financed by debt, while a lower ratio suggests a greater reliance on equity financing. In 2021, the ratio peaked at 0.39, which may indicate a period of increased debt relative to assets. However, in subsequent years, the ratio stabilized around 0.35, suggesting a moderate level of debt compared to total assets. Overall, the company has maintained a relatively stable level of leverage over the past five years, which indicates a balanced approach to capital structure management.
Peer comparison
Dec 31, 2023