Marriot Vacations Worldwide (VAC)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 9,680,000 | 9,453,000 | 9,482,000 | 9,602,000 | 9,639,000 | 9,237,000 | 9,340,000 | 9,503,000 | 9,613,000 | 9,543,000 | 10,414,000 | 9,187,000 | 8,898,000 | 9,011,000 | 9,117,000 | 9,432,000 | 9,214,000 | 9,059,000 | 9,023,000 | 9,112,000 |
| 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 | 0.00 | 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 been relatively stable over the past eight quarters, ranging between 0.48 and 0.53. This indicates that, on average, approximately 48% to 53% of the company's assets are funded by debt during this time period. A ratio of around 0.5 suggests that the company relies moderately on debt to finance its operations and investments, while also maintaining a significant portion of its assets through equity and other sources.
The consistency in the debt-to-assets ratio may reflect Marriott Vacations' strategic approach to managing its capital structure and balancing its leverage levels. It indicates the company's ability to maintain a stable mix of debt and equity to support its asset base. However, investors and stakeholders should continue to closely monitor changes in the debt-to-assets ratio over time to assess any shifts in the company's financial risk profile and leverage position.