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.