Marriot Vacations Worldwide (VAC)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,442,000 | 2,382,000 | 2,496,000 | 2,976,000 | 2,651,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,442,000K)
= 0.00
Based on the provided data, Marriot Vacations Worldwide has consistently maintained a debt-to-capital ratio of 0.00 across multiple years, including December 31, 2020, 2021, 2022, 2023, and 2024. This indicates that the company has not utilized debt financing to fund its operations or investments, and its capital structure is primarily equity-funded. A debt-to-capital ratio of 0.00 signifies a conservative financial approach with minimal financial leverage, suggesting a lower level of financial risk and stability in the company's capital structure.