Marriot Vacations Worldwide (VAC)

Debt-to-capital ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 2,442,000 2,419,000 2,372,000 2,379,000 2,382,000 2,408,000 2,476,000 2,478,000 2,496,000 2,626,000 2,745,000 2,814,000 2,976,000 2,973,000 2,982,000 2,709,000 2,651,000 2,658,000 2,699,000 2,759,000
Debt-to-capital 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, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,442,000K)
= 0.00

The debt-to-capital ratio of Marriot Vacations Worldwide has been consistently at 0.00% from March 2020 to December 2024. This indicates that the company has not taken on any debt in relation to its capital during this period. A debt-to-capital ratio of 0.00% typically suggests that the company is funding its operations and growth primarily through equity financing rather than debt financing. This can be seen as a positive sign as it indicates a lower financial risk for the company and may be perceived favorably by investors and creditors. It is also important to note that a low or zero debt-to-capital ratio does not necessarily mean that the company is not utilizing debt at all, as certain forms of debt may not be captured in this ratio calculation.