Marriot Vacations Worldwide (VAC)
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 | — | — | — | — | — |
| Total assets | US$ in thousands | 9,680,000 | 9,639,000 | 9,613,000 | 8,898,000 | 9,214,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,680,000K
= 0.00
Marriott Vacations Worldwide Corp's debt-to-assets ratio has shown a gradual increase over the last five years, from 0.44 in 2019 to 0.53 in 2023. This indicates that the company's proportion of debt in relation to its total assets has been rising steadily. A higher debt-to-assets ratio suggests a greater reliance on debt financing to fund its operations and investments as compared to equity. It is important to monitor this trend closely as an increasing ratio could potentially signal higher financial risk or leverage for the company. Further analysis of the reasons behind this upward trend and its implications for the company's financial health and risk management would be valuable.