TripAdvisor Inc (TRIP)
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 | 839,000 | 839,000 | 838,000 | 837,000 | 836,000 | 836,000 | 835,000 | 834,000 | 833,000 | 832,000 | 832,000 | 831,000 | 491,000 | 490,000 | 700,000 | 700,000 | — | — | — | — |
| Total assets | US$ in thousands | 2,537,000 | 2,636,000 | 2,734,000 | 2,684,000 | 2,569,000 | 2,565,000 | 2,612,000 | 2,372,000 | 2,289,000 | 2,312,000 | 2,387,000 | 2,232,000 | 1,969,000 | 1,996,000 | 2,249,000 | 2,427,000 | 1,984,000 | 2,468,000 | 2,566,000 | 2,395,000 |
| Debt-to-assets ratio | 0.33 | 0.32 | 0.31 | 0.31 | 0.33 | 0.33 | 0.32 | 0.35 | 0.36 | 0.36 | 0.35 | 0.37 | 0.25 | 0.25 | 0.31 | 0.29 | 0.00 | 0.00 | 0.00 | 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 of TripAdvisor Inc. has shown relatively consistent trends over the past eight quarters. The ratio has ranged between 0.33 and 0.38, indicating that the company has maintained a moderate level of debt relative to its total assets during this period.
The slight fluctuations in the ratio from quarter to quarter suggest that the company's capital structure has remained relatively stable. The decreasing trend from a peak of 0.38 in Q1 2022 to a low of 0.33 in Q2 and Q3 2023 may indicate that TripAdvisor Inc. has been managing its debt levels effectively during this time.
Overall, with a debt-to-assets ratio generally below 0.4, TripAdvisor Inc. appears to have a reasonable level of financial leverage, which may be viewed positively by investors and lenders. However, continued monitoring of this ratio is advisable to assess any potential changes in the company's financial risk profile.
Peer comparison
Dec 31, 2023